China News Daily TheBitTimes.com

American investment company Galaxy Digital will expand its presence in Europe, appointing new CEO in Europe. Galaxy Digital has appointed Leon Marshall to lead its European operations, seeking expansion opportunities in the region amid Markets in Crypto-Assets (MiCA) crypto currency regulations. Prior to joining Galaxy, Marshall served as Managing Director and Global Head of Sales at Genesis for over four years. Marshall will lead the company’s expansion into Europe and will also manage operations and key customer relationships. “Leon’s tremendous leadership skills and strong track record of developing and scaling digital asset products for European institutional investors will be invaluable to us as we continue to scale our operations in the U.K. and continental Europe aggressively.” Michael Novogratz, Founder of Galaxy Digital Galaxy is looking for ways to expand in Europe Marshall’s appointment follows the firm’s strategic alliance with DWS, one of Europe...

Bitcoin ETF: the Grayscale vs SEC Factor Novogratz made this statement after Bloomberg Intelligence ETF Analyst James Seyffart talked about the outcome of the lawsuit between Grayscale and the United States Securities and Exchange Commission (SEC) and what it means for the prospects of a spot Bitcoin ETF . advertisement After receiving a rejection from the SEC for its request to convert its Grayscale Bitcoin Trust (GBTC) to a physically backed ETF, Grayscale challenged the U.S regulator to a legal battle. In one of its hearings, the investment asset management firm argued that the decision made by the SEC was not in alignment with the previous orders regarding approving the GBTC spot Bitcoin ETF .  Also, the asset manager claimed that the SEC lacks sufficient reasons to reject its spot BTC ETF application, especially after Bitcoin Futures ETF had been approved. Many analysts and financial experts agreed that Grayscale has a very strong argument.  They w...