The FTX Recovery Trust will begin to distribute more than $ 5 billion in cash and Stablecoins to the creditors from Friday, and the funds are expected to terrify in accounts within the next three business days through Bitgo and Kraken.
And there is the possibility that this wave of payments helps lift the cryptography market, wrote the coinbase analysts in a report on Friday.
It is the second important round of payments after the collapse of the exchange. The first, which began on February 18, returned approximately $ 7 billion to creditors with claims below $ 50,000. That did little to lift the largest cryptographic markets at that time, which remained under the pressure of the winds against the macro.
This last wave of distributions occurs when the feeling of investors has changed, analysts said. Payments will arrive in Stablecoins, offering the recipients immediate liquidity in the chain, instead of cash and cryptography. That could influence whether the funds are reinvested.
There is also a broader sensation of optimism in cryptographic markets, thanks in part to a manifestation in the main assets and greater political clarity around regulation. Institutional players, in particular, may feel more comfortable acting in incoming funds, especially as Congress approaches the approval of the legislation that would define the roles of US regulators who supervise digital assets.
