The Latest Breaking News from Eric Balchunas

The SEC's latest move on Franklin might also apply to Hashdex, analyst James Seyffart said, adding it might set in motion what industry watchers, including ARK Invest's Cathie Wood, have been discussing earlier about a potential full wave of approvals.

Last week, American investment management firm ARK Invest sold more GBTC shares, specifically 163,722, to earn $5.02 million.

A federal court sided with Grayscale on Tuesday in its more-than-year-long lawsuit against the SEC.

The SEC's position is the first publicly reported statement from the agency in regards to the current rush of Bitcoin spot ETF applications.

Stocks have been due for a rally, and coinciding with the historically strong month of October, the broad market S&P 500 has climbed nearly 5% over the last month, after falling 9% in September. Is bullish sentiment back? ETF flows over the past week suggest the answer is yes.

Want to know who owns Corporate America? It's not Bill Gates or Elon Musk.

The U.S. Securities and Exchange Commission (SEC) is used to going after insider traders, pump and dumpers and fraudulent advisors. But yesterday, the federal regulatory agency went after a new group: retail investors.