'We maintain our view that this represents an overly generous payment to the manager,' Institutional Shareholder Services says of the fee resulting from the deal.
The filing comes as the race to win approval for the first US spot bitcoin fund intensifies.
The firm has been acquired by Clayton Dubilier & Rice and Stone Point Capital affiliated funds.
Market making profitability has slumped 30%
Trade groups argue the SEC went too far when it rolled out rules mandating disclosures and barring firms from doing sweetheart deals with some investors.
'Crypto is on a journey from a niche asset class to a mainstream asset class,' says an advisor.
With the products looking similar, fees will be the difference.
The latest delay came as a disappointment after Grayscale won a court ruling this week overturning the SEC's rejection of its application to convert its bitcoin trust into an ETF.
The Connecticut-headquartered firm will help its partner to extend its offering for selected wealth management clients.
Grayscale's win against the SEC has boosted the prospect of spot Bitcoin ETFs.
'This is further indication that NFT trading by advisors is not ready for prime time,' Ric Edelman says.
Advisors have a range of stances on cryptocurrency, even in ETF form.
Despite 'fully decarbonized' claim, environmentalist questions validity.
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
Ross is confident his latest startup, Turnqey Labs, can become the Plaid of cryptocurrency data for advisors.
Unnamed SEC sources signal the regulator is considering approval of new funds.
Alabama-based advisor denies he did anything wrong in a statement on his IAPD profile.
While the current market appears uncertain and complex, the intricacies of real estate investing do not necessarily spell trouble.
Vantage Point Asset Management says people will be panicking.
As the SEC puts off deciding on spot bitcoin ETF, 21Shares and ARK file for a fund that would invest in bitcoin futures.
