| News |While Gary Gansler considers FTX opening Cathie Wood makes her moves

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Hello friends, recently the head of the SEC Gary Gensler said in a statement that it would be possible for the exchange FTX to always refloat when it had a good project and good leadership behind it since there are currently three companies that are interested in acquire the FTX exchanges so we will clear up doubts, I hope very soon.

On the other hand, a Bloomberg analyst tells us that there is a possible success of an approval for the bitcoin cash ETF on January 10, 2024 by 90% but he also clarifies that it begins today, November 9 and until November 17 a window of opportunity for the SEC to definitively approve all the bitcoin cash ETFs that have been requested and from which in previous weeks it has been requesting information and the different applicants and the different companies have been responding to those requirements.

Again, on the other hand, there is news that tells us that Grayscale is in talks right now to definitively convert its token into a bitcoin cash ETF, but there is still a judicial resolution that calls the SEC's decision not to allow arbitrary and capricious. converting Grayscale bitcoin trash into a bitcoin spot ETF. Rumors say that the conversations that would be finalizing the approval of the bitcoin cash ETF in the case of Gray scale are right now in their last phase.

Another interesting news, ark invest, Cathie Wood's company is partnering with the company 21Shares to launch a new package of five cryptoactive ETFs, specifically the news talks about futures ETFs for both bitcoin and Ethereum. So it is likely that throughout 2024 2025 it will end up gaining value and the companies that sell crypto-related products plan to launch new products that we have no doubt about.

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Cathie Wood is selling her holdings in Grayscale bitcoin trash and is buying Robin Hood shares from the company specifically she bought a 1.1 million Robin Hood shares worth approximately $9.5 million and as we have said it is getting rid of the shares that Grayscale trash had because they have requested a bitcoin cash ETF and Grayscale trash accumulates a rise since the beginning of the year of 239%, remember that it was trading at a discount of almost 50% % That is, it cost much less to buy a share in this trash than to buy bitcoin directly, almost 50% less, since that has been corrected.

In the article that I will leave at the bottom a few hours ago with the rise of bitcoin, the 50% discount that you had when you were going to buy a participation in Grayscale Trash has already gained some percentage point in this percentage and is now reduced to 13. Let us remember that right now it is
talking about a conversion of this trash into a bitcoin cash ETF but not only that but it also transpires that BlackRock, the largest asset manager in the world, is preparing for a registration for an approval of a cash ETF, which could also overvalue the bitcoin price.

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Post written by @joeljaimes1982