Grayscale Victory Aligning with Increase in Global Liquidity
Aug 31, 2023
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Grayscale Victory
As recently discussed, we’ve been awaiting either short-term relief in liquidity conditions—indicated by falling interest rates, a declining DXY, and increasing central bank liquidity—or the realization of crypto-specific catalysts for better price action. This week, we received encouraging news on both fronts.
The courts have ruled that the SEC acted in an arbitrary and capricious manner when denying the spot Bitcoin ETF.
In the wake of this news, cryptoassets, trusts, and crypto equities experienced a strong rally...