Let me start by saying that the short-term may have reached a peak, but the mid-term is still optimistic about wld. I will focus on the market these days. When the market comes to an end, I will write an issue of wld's token economics and explain why.
Back to the title, there will be sec's response on Grayscale ETFs the day after tomorrow. I have listed several possible final situations so that you can decide on your own.
50% probability. Sec still gives a 240-day review period to Grayscale’s resubmitted ETF, which is the same as other ETFs. The final result of the court’s review of Sec’s review power was ambiguous and did not specifically suppress Sec’s words and deeds. At that time, the market will take the 4-hour line and adjust back to 28,000, and then decide the direction again, with a high probability of continuing upward.
20% probability. Grayscale ETFs still have a 240-day review, but the court severely criticized Sec for abusing its review power, or specifically restricted Sec's review power. The pie is expected to rise to 40,000 by January next year. (Compared to the last bear market peak of 13,000 and the bull top of 20,000)
20% probability. Grayscale ETF determines a new review period after subtracting the upfront time consumption, but the final review period remains unchanged, which is approximately the end of December. The pie is bullish to 32,000 in the short term.
10% probability. Within 30 days of the final review period of Grayscale ETF, there may be personnel changes in Sec, or some rights may be restricted. The pie will be 40,000 within a month.
0% probability. Reject directly or pass directly. This means that there will be a round of short-term adjustments anyway.
for reference only.
