It is worth noting that domestic policies have recently relaxed, allowing banks in Hong Kong and Macau to open foreign currency accounts for users from mainland China.
This means that cashing out will be more convenient in the future, which is also beneficial for the Hong Kong and U.S. stock markets.
In addition, Grayscale has submitted the 19b-4 filing for ETH ETF staking.
This filing will result in a decision on approval within 45 days, and at most 90 days. The SEC's interest in ETF staking is also increasing, with many signals pointing to the ETH spot ETF submitted by 21Shares. Currently, the likelihood of the Ethereum staking ETF being approved is quite high, and results are expected around March to April.
This series of signals indicates that, despite the U.S. macroeconomic situation being below expectations, the policy aspect is increasingly leaning towards supporting the cryptocurrency market. Although there is currently little profit effect in the market, this is actually a good opportunity for us to learn and improve.