So guys here I am going to talk about the grayscale updates Actually there are lots of people who shared information regarding this and many people saying that this is bull run but I think a hurry to say this. The Grayscale vs. SEC case is not a new case but Grayscale went to court in 2021 because SEC rejected the application of Grayscale. Now Grayscale got a victory but wait SEC can review it and reapply in the next 21 days
The chance of ETF approval of Grayscale is higher because there is a court issue and the the decision is in favor of Grayscale. Everyone thought that the Blackrock ETF would be approved first but now after this update, the tables have turned. We are seeing an immediate Bitcoin market pump after this grayscale victory. And this can be like a ripple case and maybe the market will go back to the original price. And this can be a bull trap so reaching the conclusion is not good for now. There are multiple Bitcoin ETF Applications pending so these things are going to impact directly to the crypto market.
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Lucky Ali
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