The near-term outlook for commercial real estate (CRE) has become increasingly complicated due to rising interest rates along with lingering fears of a recession. Banks today are facing a greater pressure on CRE Asset valuations (on their Balance Sheet) as higher interest rates have resulted in tighter credit standards with regulators more closely monitoring the quality of CRE loans. A tighter lending market, along with declines in real estate investment trust (REIT) stocks, have negatively affected yield expectations on CRE and price declines / distress in certain asset classes are underway. Due to decreasing asset values, some properties coming
Month: November 2023
Bitcoin, Cryptocurrency, Financial Markets, Securities and Exchange Commission, US Regulators, US Stock Market
Washington DC Federal Court of Appeals ruling: Does this open the door for Spot Bitcoin Exchange-Traded Fund (ETF) availability soon?
(Posted September 2023) A three-judge panel of the District of Columbia Court of Appeals in Washington, DC ruled recently that U.S Securities and Exchange Commission (SEC) was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF) which would track its underlying market price, giving investors exposure to the digital asset, without having to buy the currency. The SEC has denied all proposed bitcoin ETFs, including Grayscale’s, on the grounds that they do not meet its bar for preventing market manipulation. Grayscale Investments sued the SEC for rejecting their application, in response to