ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares; Consensys Files Lawsuit Against the SEC

Arc sells the last of its Proshares Bitcoin Futures ETF shares and Consensus files a lawsuit against the SEC. You're watching Coin Desk daily, I'm your host, Jen Sani Arc sold the last of its Proshares Bitcoin Futures ETF shares. The investment firm sold 237,983 Bito shares worth $6.7 million from its next generation Internet. ETF Arc bought more than 4 million Bito shares late last year as a short term play in anticipation of the approval of a spot. Bitcoin ETF in the United States. The plan was always to swap them once approval came. Meanwhile, its own Arc 21 shares. Bitcoin ETF is now the fund's largest holding. Thursday's closing price was $64.76. Consensus, one of the main supporters of the Ethereum network filed a lawsuit against the US SEC. On Thursday. The development company said on X that the SEC should not be allowed to arbitrarily expand its jurisdiction to regulate the future of the internet by wrongly labeling E as a security and that the S ECs reckless approach is bringing chaos to developers. Market participants and more consensus added that through this lawsuit, it hopes to ensure that Ethereum remains a vibrant and indispensable Blockchain platform and Bitcoin linked stablecoin firm Open Delta has raised just over $2 million. The start up is one of the first to build tokenized tech for Bitcoin's runs era. The CEO said quote, we want to use Bitcoin to create stable value in a fiat dominated currency and quote open Delta's Token us do will retain its dollar value by hedging Bitcoin deposited by users as collateral. The token won't go live until May and even then it will only be open to wait listers in a closed beta. That's a wrap for coin desk daily, get more updates on coindesk.com and we'll see you next time.