It seems that market participants know the answer that the SEC will approve the conversion from GBTC to BTC spot ETF.
Take a look at the GBTC(Grayscale BTC) discount chart. Now, the discount is about -13%. It's been surging in the recent. The reason is definitely the ruling for the conversion from GBTC to BTC spot ETF. Furthermore, they won't appeal the ruling. Now, it seems that market participants know the directon of the future for BTC spot ETFs. looking good 😍
By the way, Coinbase premium index is now plus. It's better than before.
The Korean premium is also plus. But, it's too small. The crypto market needs more liquidity. It's time to wait for the next bullish market with the patience.
Upvoted! Thank you for supporting witness @jswit.
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Whats that? #happycapital
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