• January 2, 2024

Bloomberg Eric Balchunas: Grayscale's Prospectus Outlines Cash-Only Policy But Omits Authorized Participants

Bloomberg ETF analyst Eric Balchunas has issued an analysis of Grayscale's recently submitted prospectus. The document explicitly confirms Grayscale's cash-only acceptance for its fund, a stipulation met with no surprise given the firm's market position. Nevertheless, Balchunas noted the absence of any named authorized participants (AP) in the prospectus, a section that the Securities and Exchange Commission (SEC) typically expects to be completed. He expressed uncertainty over this omission, especially as Grayscale has previously appeared confident about this aspect of their fund. In addition, he highlighted another possible area of concern - the document's apparent lack of information regarding fees, another significant element that hasn’t been thoroughly addressed as per his observation. These details, or the lack thereof, leave open questions about the true structure and operation of Grayscale's proposed fund.

  • January 2, 2024

Bloomberg ETF Analyst: Grayscale Revises Registration Statement, Adding Trust Third Party Related Materials

James Seyffart, a Bloomberg ETF analyst, informed via the X platform that Grayscale had submitted a third revised version of their S-3 registration statement. The update notably includes added material connected to the trust's third-party relationships. Seyffart commented that, at first glance, the amendment seemed to primarily add proofs related to these relations without too many other specifics. Earlier, Grayscale Bitcoin Trust (GBTC) had submitted a registration statement, including a prospectus, to the U.S. Securities and Exchange under U.S. Securities Law 163/433. Subsequently, they proceeded to file an amended S-3 registration document again. Seyffart noted this latest document as Amendment #3 to their ongoing efforts to convert $GBTC into a Bitcoin ETF.

  • December 27, 2023

Amplify ETFs Declares December Income Distributions for its ETFs

CHICAGO, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Amplify ETFs announces December income distributions for its ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify Lithium & Battery Technology ETFBATT$0.3402712/27/202312/28/202312/29/2023Amplify Transformational Data Sharing ETFBLOK$0.3436312/27/202312/28/202312/29/2023Amplify Cash Flow Dividend Leaders ETFCOWS$0.0447112/26/202312/27/202312/29/2023Amplify CWP Enhanced Dividend Income ETFDIVO$0.1458412/27/202312/28/202312/29/2023Amp