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Comments (40)
The amount of hopium in this thread is overwhelming.
gbtc-12.90 usd
It won’t happen until Q1-Q2 2024/that’s how the 2024/2025 bull market will melt faces!
Where does that 70% figure come from? They just pull that out their ass?
A spot ETF has always been rejected by the SEC because the spot exchanges don’t collude on policing customers. This hasn’t changed and until it does, there won’t be a spot ETF. The futures stuff is surprising… almost like someone just looked the other way since it’s only one market – CME. There won’t be a spot ETF even if this court case goes Grayscale’s way.
I expect a large pump for GBTC and BTC soon
Did nobody even read what’s written here?
“Language in the court ruling will be key, however, as to whether the court gives the SEC an opening to reject the application on different grounds or locks them into accepting it. We lean toward the former for now.”
He didn’t once mention that there is a 70% chance of a spot ETF approval this year and actually says he believes the court will allow the SEC to reject the spot ETF on different grounds even after a ruling in Grayscale’s favor.
Aren’t ETFs just paper bitcoins?
My 401k is in that fund! Yippie
Why do these rulings take so long?
How did you get the likelihood to be 70%? Out of where did you pull that number? Nevermind, i think i know the answer.
We need adoption of the best monetary system there is. We don’t need a financial instrument of a currency.
I don’t even know how investors are supposed not to pay a premium over the underlying bitcoin, if at the end of the day Greyscale needs to somehow earn their fee, while tracking 100% bitcoins price.
An etf is a distraction, so that people don’t hold their own keys, and don’t broadcast their transactions with their own node.
Pure fiat mentality this “number go up” shit.
Edit: rephrased for clarity
“70% … this year” 🤣🤣🤣
I just hope the SEC loses on everything
No where in this statement does it say there’s a 70% chance of a spot ETF approval this year. It says there’s a 70% chance of Grayscale winning the lawsuit. The court can still give the SEC a new out to strike down further applications. Regardless, it’s favorable news.
grayscale scammers.
I don’t get what the fuss is about? This will just end up being ‘paper bitcoin’. Just like how nobody actually holds gold, just fractions of it.
Are we really going to trust these institutions to actually audit themselves to hold bitcoin. 100% they’ll be shorthing these etfs once the cards all collapse.
This is huge
That’s fuckin huge
who want an etf when you can buy the REAL Bitcoin and self custody.
Etfs are crap.
10k candle incoming
I think the outcome of these binary possibilities is 50/50, but i’m not trying to sell you anything.
Lol I did NOT get 70% from the courts words. Massive hopium
Can you make an ETF of a spot ETF? I know you can make an ETF of ETF.
let’s go!! moon in my wallet and moon on the exchanges. hell yeah
Since the SEC allows TV-clown ETFs.
GBTC +9.60% today. Still 42% cheaper than buying BTC.
Match this going live with the next round of QE OMG. But seriously, don’t do it.
I will patiently wait……………
I agree. All the reads hint at the trend
2019 vibes
Is this just for greyscale bitcoin? Or does this suit agains the sec apply for all greyscale products including greyscale ethe?
The good news I needed today
Is there a transcript of the Grayscale argument? Would be interesting to read that.
Damn this would be a huge catalyst if it happens.
Bitcoin ETFs are just more paper IOUs. Does this really help?
Can I be the dumbass here and ask given these odds.of it happening what that could mean, both for GBTC and Bitcoin itself?
I’m skeptical of the 70% likelihood of something that has never happened, and has no close comparables
No way Greyscale will win.
I don’t think an ETF is a good thing