{"id":8062,"date":"2022-06-30T13:17:29","date_gmt":"2022-06-30T13:17:29","guid":{"rendered":"https:\/\/bitcoinwisdom.com\/?p=8062"},"modified":"2022-06-30T13:17:32","modified_gmt":"2022-06-30T13:17:32","slug":"barry-silbert-of-dcg-wins-the-sec-etf-deadlock-but-investors-lose","status":"publish","type":"post","link":"https:\/\/bitcoinwisdom.com\/fr\/barry-silbert-of-dcg-wins-the-sec-etf-deadlock-but-investors-lose\/","title":{"rendered":"Barry Silbert de DCG remporte l&#039;impasse SEC ETF, mais les investisseurs perdent"},"content":{"rendered":"<ul class=\"wp-block-list\"><li><strong>Digital Currency Group (DCG), la soci\u00e9t\u00e9 qui g\u00e8re CoinDesk, poss\u00e8de une filiale appel\u00e9e Grayscale.<\/strong><\/li><li><strong>Grayscale subirait une perte importante de revenus de frais si GBTC \u00e9tait converti en ETF, car la soci\u00e9t\u00e9 facture des frais de 2% sur les actifs sous-jacents, quelle que soit la d\u00e9cote.<\/strong><\/li><li><strong>Selkis estime cependant que Grayscale ne prendra pas l&#039;initiative, car cela n\u00e9cessiterait de renoncer \u00e0 des centaines de millions de dollars de frais.<\/strong><\/li><\/ul><hr>\n\n\n\n<p>La d\u00e9cision de la SEC est un coup dur pour la soci\u00e9t\u00e9 m\u00e8re de GBTC, Grayscale Investments, qui a commercialis\u00e9 de mani\u00e8re agressive la fiducie comme un moyen d&#039;investir dans Bitcoin sans avoir \u00e0 faire face aux complexit\u00e9s li\u00e9es \u00e0 la possession r\u00e9elle de la crypto-monnaie.<\/p>\n\n\n\n<p>C\u2019est \u00e9galement un revers pour l\u2019ensemble du secteur de la cryptographie, qui a travaill\u00e9 dur pour convaincre les r\u00e9gulateurs que Bitcoin est une classe d\u2019actifs l\u00e9gitime qui m\u00e9rite d\u2019\u00eatre investie.<\/p>\n\n\n\n<p>La principale pr\u00e9occupation de la SEC semble \u00eatre qu&#039;il n&#039;y a pas suffisamment de liquidit\u00e9 sur le march\u00e9 pour Bitcoin et que les actions de GBTC pourraient ne pas refl\u00e9ter fid\u00e8lement l&#039;actif sous-jacent.<\/p>\n\n\n\n<p>Alors que <a href=\"https:\/\/bitcoinwisdom.com\/fr\/grayscale-sues-united-states-sec-over-bitcoin-etf-application-rejection\/\" class=\"ek-link\">Niveaux de gris<\/a> a poursuivi la SEC dans le but de la persuader de reconsid\u00e9rer, Ryan Selkis de Messari Research a d\u00e9crit quelques possibilit\u00e9s qui, selon lui, pourraient r\u00e9sulter de ce g\u00e2chis.<\/p>\n\n\n\n<p>Dans le cas o\u00f9 GBTC serait converti en ETF, cela repr\u00e9senterait une perte importante de revenus de frais pour Grayscale. En effet, Grayscale facture des frais de 2% sur les actifs sous-jacents, quelle que soit la remise. Si <a href=\"https:\/\/grayscale.com\/products\/grayscale-bitcoin-trust\/\" rel=\"nofollow noopener\" target=\"_blank\">GBTC<\/a> si elle devenait un ETF, elle ne serait plus soumise \u00e0 ces frais. En cons\u00e9quence, cela porterait un coup dur aux r\u00e9sultats financiers de Grayscale.<\/p>\n\n\n\n<p>Les revenus de Grayscale seraient d\u00e9truits par plus de 50% dans le cadre d&#039;un proc\u00e8s \u00ab gagnant \u00bb et d&#039;une \u00e9ventuelle conversion d&#039;ETF. Un ETF comprendrait une fen\u00eatre de rachat grande ouverte et peut-\u00eatre des co\u00fbts inf\u00e9rieurs afin de maintenir les actifs sous gestion. <\/p>\n\n\n\n<p>Selkis a d\u00e9clar\u00e9<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Nous parlons d&#039;une perte pour la DCG de pr\u00e8s de $200 millions par an. <\/p><\/blockquote>\n\n\n\n<p>La question qui reste est de savoir si Grayscale fait la promotion de l\u2019ETF de bonne foi. Ou une farce g\u00e9ante a-t-elle \u00e9t\u00e9 command\u00e9e depuis la cachette secr\u00e8te de Silbert \u00e0 Stamford ?<\/p>","protected":false},"excerpt":{"rendered":"<p>Digital Currency Group (DCG), la soci\u00e9t\u00e9 qui g\u00e8re CoinDesk, poss\u00e8de une filiale appel\u00e9e Grayscale. Grayscale subirait une perte importante de revenus de frais si GBTC \u00e9tait converti en ETF, car la soci\u00e9t\u00e9 facture des frais de 2 % sur les actifs sous-jacents, quelle que soit la d\u00e9cote. Selkis pense cependant que Grayscale ne prendra pas l&#039;initiative puisque [\u2026]<\/p>","protected":false},"author":13,"featured_media":8137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","footnotes":""},"categories":[190,12],"tags":[135,172],"class_list":["post-8062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-news","tag-blockchain","tag-crypto"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research.jpg",1279,854,false],"thumbnail":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research-500x330.jpg",500,330,true],"medium":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research-300x200.jpg",300,200,true],"medium_large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research-768x513.jpg",640,428,true],"large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research-1024x684.jpg",640,428,true],"1536x1536":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research.jpg",1279,854,false],"2048x2048":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research.jpg",1279,854,false],"trp-custom-language-flag":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/06\/Barry-Silbert-Of-Dcg-Wins-The-SEC-ETF-Deadlock-But-Investors-Lose-According-To-Messari-Research.jpg",18,12,false]},"uagb_author_info":{"display_name":"Barinem Pene","author_link":"https:\/\/bitcoinwisdom.com\/fr\/author\/barinem\/"},"uagb_comment_info":0,"uagb_excerpt":"Digital Currency Group (DCG), the company that runs CoinDesk, has a subsidiary called Grayscale. Grayscale would suffer a significant loss in fee income if GBTC were converted to an ETF because the company charges a 2 percent fee on the underlying assets regardless of the discount. Selkis, though, believes Grayscale won&#8217;t take the initiative since\u2026","_links":{"self":[{"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/posts\/8062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/comments?post=8062"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/posts\/8062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/media\/8137"}],"wp:attachment":[{"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/media?parent=8062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/categories?post=8062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/fr\/wp-json\/wp\/v2\/tags?post=8062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}