Kenton Ralph Toews – Bitcoin ETF Approvals, Buy The Rumor Sell The Fact
Kenton Ralph Toews, Founder of Youixa Crypto joins us to discuss the Bitcoin price action after the approval of Bitcoin ETFs. After the approval of 11 Bitcoin ETFs (including Grayscale’s Bitcoin Trust) the Bitcoin price has moved down from around $49,000 to the current price of $40,000.
We discuss the volume in the ETFs, why (or if) investors are moving money from one vehicle to other, where institutions are in the trade, how the crypto miners are reacting and what changes for the overall crypto markets.
Bitcoin and all the other crypto’s are headed for fraud heaven, because the financial is so corrupt these days it allows all of these terrible financial dealings like derivatives and crypto’s to flourish. A lot of people that are Bitcool drinkers will lose everything when the system corrects. If you are holding a gold bar you will do just fine. DT ✔
FTX selling $1 billion of Grayscale’s bitcoin ETF has spurred major outflows from the fund since SEC approval, report says
Filip De Mott • Market Insider – January 23, 2024
“FTX sold 22 million shares from Grayscale’s bitcoin fund, worth $900 million, Coindesk reported.”
“That accounts for a large chunk of the $2 billion in outflows the fund saw after its conversion to an ETF.”
“The exodus comes as Grayscale’s ETF fees stand well above those of competitors.”
https://www.msn.com/en-us/money/other/ftx-selling-1-billion-of-grayscales-bitcoin-etf-has-spurred-major-outflows-from-the-fund-since-sec-approval-report-says/ar-BB1h5HdO