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Speculations about the announcement of the decision at 18:00 today significantly increased the activity on social media. Everyone had set their alarms and waited for 18:00, but the decision was not announced. So when will the decision be made in the Grayscale ETF case? We discuss today’s rumors and where they came from, as well as the potential effects and expectations on the price of Bitcoin.
Grayscale Breaking News
James Seyffart from Bloomberg stated in a post on August 15 that the decision did not come out on that day. Although there is no definite decision date on the calendar, he said that a decision could be announced on Friday, August 18. While this prediction spread from mouth to mouth, it turned into a claim that the decision would definitely be announced today. Despite the source not saying such a thing, the exaggeration of social media appeared once again.
This situation is not surprising and tells all of us why investors should be cautious about “claims”. With the confirmation that the decision will not be made today at 18:00, the price of Bitcoin dropped again to $26,000.
James Seyffart said the following;
“Unfortunately, today is not the day. No decision. Come back next Tuesday for potentially useless further updates!”
According to the Bloomberg expert, the next potential decision date is Tuesday, and it is not expected to be announced definitively on that date either. Another expert, Andrew, emphasized that there was no surprise decision from the Appeals Court in DC today and highlighted that it was a delay. On the other hand, the potential leak of the ETH ETF approval in the early minutes of the day implied that it could be related to the ongoing case.
Bloomberg ETF analyst Eric Balchunas wrote that the decision could be announced on Tuesday. In summary, while three experts expect the decision to be announced soon, they cannot provide a specific date. The announcement on Tuesday is a possibility, and a possible delay would not be surprising.
