Recent report states that large Bitcoin holders may have known something about the upcoming court decision on the Grayscale case against the SEC
and sharks may have been aware of the possible outcome in the legal suit between Grayscale and the US securities regulator SEC.PayPal Stablecoin PYUSD Trading Volume Tripled in 24 Hours: What Is Happening?Santiment believes that certain owners of large cryptocurrency wallets accumulated $388.3 million worth of Bitcoin in total within a day before the court announced the decision on the legal argument between Grayscale and the SEC.
These holders got an extra profit of a 6% price surge on the Bitcoin they quickly bought. They “may have known a thing or two” about the possible outcome of the case, Santiment tweeted, suggesting that those traders could have access to insider information. In light of the news about Grayscale winning against the SEC,
price level. However, this victory does not ensure that the company’s Bitcoin Trust will be converted into a spot ETF – the SEC will now have to give it proper consideration.
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