Replying to Avatar Merrcurr⚡️

The allocation of a ticker on the DTCC is an integral part of the process of releasing an ETF. That is why Bitcoin went up in addition to the Grayscale ETF application being resent by a court back to SEC to re-evaluate their rejection.

ETH went up because of the Bitcoin news but also because an ETF approval for Bitcoin translates ETF applications for the broader crypto space that includes ETH

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MAstr 2y ago

Yes,

but it is still just sentiment driven.

And as far as i know, the SEC made already a differentiation between BTC and Crypto as assets.

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Merrcurr⚡️ 2y ago

Yes, the market is purely driven on sentiment rather than fundamentals. Even after the ETF is launched, you will have volatility, but we are in uncharted waters as it would be the first time that an ETF would be trading on a finite asset, this has never been seen before.

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MAstr 2y ago

Yes

=PopCorn time

LOL

But it is likely that it will behave in the beginning similar to raw materials.