FTX compensation funds are expected to enter the market soon!

The FTX customer claims plan has received overwhelming initial support from all categories of creditors, with more than 95% of voting creditors supporting the plan, accounting for 99% of the value of voting claims.

This is the most critical step.

FTX will submit the final voting results to the U.S. District Court for the District of Delaware Bankruptcy Court before the confirmation hearing on October 7, 2024, which is only one and a half months away.

After the bankruptcy court approves the compensation plan, FTX compensation funds can enter the market.

This is a potential inflow of more than 10 billion US dollars. Coupled with the Fed's interest rate cut cycle and the efforts of Bitcoin and Ethereum spot ETFs, the long-awaited comprehensive bull market in the crypto market is about to come.