Fri Oct 13 18:22:13 2023
(*54b3f3ac*):: The
@SECGov
has until midnight tonight to appeal the
@Grayscale
decision. If they don’t, then in seven days from now the case will be closed and Grayscale can start working with SEC staff to get the process of approval rolling.
Note: Grayscale would work with two SEC departments on this: Corporation Finance and Trading and Markets.
(*6952cd93*):: lookin better- seems like a decent bet that it’s really gonna happen and the discount will go away. Anyone gonna try to hold $GBTC thru a conversion to ETF? https://ycharts.com/companies/GBTC/discount_or_premium_to_nav +public!
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(*54b3f3ac*):: I think it’s a good trade. I might buy a little bit before the clothes. They definitely get away till after the bell do announce anything
(*54b3f3ac*):: I’m pretty sure it’s going to not get appealed as scotus has already made it clear they won’t hear It. So that would be a guaranteed lose for the SEC and we know how big their egos are
(*54b3f3ac*):: Oh I just re-read your message i wouldn’t hold it all the way through to hope on conversion. But I do think that it’s a good trade for shorter term
(*6952cd93*):: I’m surprised that there exist market conditions that could get you to hold grayscale at all lol
(*54b3f3ac*):: Yeah I don’t want to but sometimes when you have good Ace and extra trades I have to be indifferent LOL
(*54b3f3ac*):: Trade what makes money not what your opinions and emotions Is like