Judge during oral argument of the Grayscale v. SEC argument today: “If we were to agree with the petitioners (Grayscale) would the commission look to approve spot ETFs or go back on it's approval of bitcoin futures ETFs?”
Backwards? The car can go in reverse?
And what about the investors in something like BITO if the ETF is de-registered? Liquidate to cash? What about the tax consequences?
The fact that the SEC wouldn’t concede this point demonstrates the pettiness and hostility it has to the crypto space.
Powell: “disinflation has begun”
Meanwhile:
U.S JAN PCE INDEX +0.6% M/M, +5.4% Y/Y (VS +0.4% M/M, +4.3% Y/Y MEDIAN FORECAST)
The NASDAQ is flat on a day when NVDA is up almost 14%. Bitcoin back below 24K.
Boy, the markets look weak here.
$NVDA chips must be amazing. They are good enough to help the company calculate earnings that are half of what they were a year ago but still caused the market to bid the stock ~9%.
