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.