GBTC discount is this year ATL 🥳
Wow, it's around 5% 🥹 almost about to change minus to plus 🎊 I think investors who bought GBTC(Grayscale BTC) know the short-term direction of making decision for approving spot BTC ETF applications 🤔 So, that's the reason why the GBTC discount is getting continuously recovered this year.
The 1st making decision for approving spot BTC ETF is scheduled to Jan 10, 2024. It's less than 3 weeks. Well, it's possible for the SEC(Securities Exchange and Commission) not to approve the applications, as always. However, I don't worry about it. It's a matter of time. I believe that they will be approved up to Mar 2024.
I think the U.S. doesn't want to give up leading the crypto industry. Because, the H.K.(Hong Kong) regulatory authority is considering spot BTC ETFs. If they accept spot BTC ETFs first, tons of money will flow into China. Is it a scenario that the U.S. want? I don't think so 🤔
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
我认为美国不想放弃领导加密行业。因为，香港监管机构正在考虑现货BTC ETF。如果他们首先接受现货BTC ETF，大量资金将流入中国。这是美国想要的场景吗？我不这么认为 🤔
嗯，是的
美国，是一个非常狡猾