GrayscaleBTCETFExpectation
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GRAYSCALE HAS SOLD 83,720 BTC WORTH AROUND $3.3 BILLION IN THE LAST 8 TRADING DAYS.
GRAYSCALE STILL HOLDS 535,540 BITCOIN WHICH IS WORTH OVER $20.8 BILLION
THE GOOD THING IS THAT MOST OF THE SELLING FROM GRAYSCALE HAS BEEN ABSORBED BY OTHER ETF APPLICANTS LIKE BLACKROCK AND FIDELITY.
THE OTHER 9 ETF APPLICANTS HAVE ACCUMULATED A TOTAL OF 112,119 BTC (EXCLUDING TODAY'S INFLOW)
GRAYSCALE IS THE ONE WHO IS CAUSING THE MAJOR SELL PRESSURE AND THE MARKET IS PROBABLY PANICKING AS THEY STILL HOLD OVER 530K BTC.
REMEMBER NOT TO PANIC WHEN THERE IS FUD AS USUALLY IT'S THE BEST TIME TO ACCUMULATE FOR THE LONG RUN.
#BTC #GrayscaleETF #GrayscaleBTCETFExpectation
GRAYSCALE HAS SOLD 83,720 BTC WORTH AROUND $3.3 BILLION IN THE LAST 8 TRADING DAYS.
GRAYSCALE STILL HOLDS 535,540 BITCOIN WHICH IS WORTH OVER $20.8 BILLION
THE GOOD THING IS THAT MOST OF THE SELLING FROM GRAYSCALE HAS BEEN ABSORBED BY OTHER ETF APPLICANTS LIKE BLACKROCK AND FIDELITY.
THE OTHER 9 ETF APPLICANTS HAVE ACCUMULATED A TOTAL OF 112,119 BTC (EXCLUDING TODAY'S INFLOW)
GRAYSCALE IS THE ONE WHO IS CAUSING THE MAJOR SELL PRESSURE AND THE MARKET IS PROBABLY PANICKING AS THEY STILL HOLD OVER 530K BTC.
REMEMBER NOT TO PANIC WHEN THERE IS FUD AS USUALLY IT'S THE BEST TIME TO ACCUMULATE FOR THE LONG RUN.
#BTC #GrayscaleETF #GrayscaleBTCETFExpectation
đđŒ Grayscale CEO hints at potential for a Bitcoin spot ETF approval after ten years of preparation, alongside community expectations. Bloomberg's analyst, however, suggests a November 17th SEC announcement may not yield approval, leaning towards a higher possibility in January for the awaited Bitcoin ETF #GrayscaleBTCETFExpectation #SECApprovalForecast