This is WHY Bitcoin is DUMPING & Bitcoin ETF News

Bitcoin is dumping, even though many thought that BTC would pump after the Bitcoin ETFs being approved… This is why Bitcoin is dumping, and some Bitcoin ETFs are a huge mistake to be involved with… Subscribe to VoskCoin – http://voskco.in/Sub

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Fidelity, Blackrock, and many other major hedge funds, investment firms, and just basically the biggest money movers in the world have launched Bitcoin ETFs… Bitcoin is dumping though, even though Bitcoin ETFs opened the doors to literally billions of dollars being invested into BTC through ETFs… FTX and Grayscale Digital Currency Groups GBTC was the trojan horse that snuck through ETF approval, causing a massive outflow of capital from the Bitcoin and cryptocurrency sector, as FTX and GBTC investors are systematically dumping billions of dollars in Bitcoins… and there’s even more major urgent bitcoin news to unpack.

⏰ Timestamps ⏰
00:00 Bitcoin ETFs are finally here but why are we dumping?
02:06 Blackrock buying a lot of Bitcoin
03:10 Grayscale dumping GBTC Bitcoin
04:27 What is GBTC?
05:50 Coinbase holding allot of ETF’s BTC
06:42 Will the ETFs boost Bitcoin development
08:06 Best bitcoin ETF?
08:50 The BTC ETFs are Dumping!
09:36 WTF is a ETF?
10:52 Coby called it
13:00 BITO shares colling off
13:40 Hedge funds in BTC
14:16 FTX dumping GBTC
15:19 People dumping GBTC for other ETFs
16:15 Fidelity choosing self custody
17:25 What will happen to Bitcoin and Bitcoin ETFs?

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A Monumental day for better and worse happened pretty recently Bitcoin ETFs were approved Mercurial ride of Bitcoin 11 Bitcoin investment funds to start trading on stock asset class that that protects you this has been such a reoccurring topic and every time it was pulled right away but finally Bitcoin

ETFs have been approved and in in a large quantity yet they dumped after all this instead of Bitcoin rocketing over $100,000 per coin BTC actually went down in price but why oh there was a trojan horse among the Bitcoin ETFs and now many people are also starting to eye

Ethereum as being a very plausible next ETF my name is Vos you’re on the Vos Point YouTube channel we’re going to break down what exactly happened why why what the future looks like why I am expanding my Bitcoin ETF portfolio and I’m going to be personally eying the

Ethereum ETF as well and while there’s very bad news for Bitcoin ETFs there is light at the end of the tunnel at least I believe so we’re also going to break down WTF and ETF is and in full disclosure this video is not sponsored by any of

These companies all right I do hold numerous stocks and ETFs including some that we’ll talk about today but I actually do have a video sponsor and that’s going to be Asic Marketplace who could get you into the Bitcoin mining game you head over to their site throw a

Bitcoin miner in your cart and earn passive income mining Bitcoin every day because right now more Bitcoin is being taken out of the BTC ecosystem than is being minted daily in new coins just let that sink in so Black Rock took almost 12,000 Bitcoin from Supply in 2 days 900 Bitcoins are

Issued daily you can see that black rock moved into their cash Supply last night that alone is 13 days of Supply we’re going to talk about the Trojan Horse which is gbtc uh but if this pace continues we’re going to be facing a a severe Supply

Crunch so if you basically take 12 ,000 Bitcoins right times 4 it’s nearly 23,000 per day that’s 25 times more than the daily production right of newly mined and minted Bitcoins being consumed by United States ETFs alone and in about 90 days that becomes 51 days of Supply

Gone because of the Bitcoin having where the amount of new Bitcoins mined per day will decrease from 900 to 450 that is crazy but there’s a very bad thing about the ETFs and I’ll talk more about that later but as an update on the gbtc selloff right and and and what is

Gbtc the recent downturn in bitcoin price is apparently due to this grayscales gbtc right along with the FTX situation we are still dealing with the Fallout of FTX which really sucks FTX has substantial gbtc Holdings and they’re redeeming them because they filed for bankruptcy and they’re essentially liquidating right because they’re

They’re bankrupt we look at how much gbtc they have they have over half a billion dollars as of October 2023 okay this has gone up in value since then a lot of people are dumping their gbtc shares right over 25 billion worth of bitcoin that’s been locked up for

Years with no option to be sold or redeemed so as soon as the Redemption option opened for the first time many people are saying I’m going get the hell out of here the grayscale gbtc has egregious fees especially compared to their new found Bitcoin ETF competitors what exactly is gbtc right

So the grayscale Bitcoin trust was one of the first Securities solely and passively invested in Bitcoin that enabled investors to gain exposure to Bitcoin in the form of security while avoiding the challenges of buying storing and safekeeping BTC uh so there was a very real premium on this uh but

Drama unfolded as Barry schelbert was revealed for the shrewd businessman that he is so they have a basically brother sister relationship uh with their company’s Genesis and dcg or digital currency group uh and basically dcg filed for bankruptcy to buy a bunch of time for Genesis uh to basically make

Money for hopefully the market to pick up Bitcoin ETFs and the Redemption capability for these gbtc shares so they are working on paying back their fake lended note between them and their sub company Genesis right and this is just some very Advanced BS business moves that in my opinion is nothing short of

Just like white collar scheming right but gbtc can only drag this down so much black Rock’s ey bit saw the third biggest inflow right Grace scale only lost 95 million in early Tally from this article and Fidelity that proudly boasts that they are maintaining self- custody of their Bitcoin for their Bitcoin ETF

And they are one of if not the only one that I’m aware of that is doing that which is really cool really crazy and probably means that coin base is pretty much holding almost everyone’s Bitcoin which pros and cons uh to that and really the only Pros I see are being a

Coinbase investor which I do own the coin stock so it’s not the worst thing position for the upside at least for me are you I’ve been saying coinbase has been undervalued since 30 bucks uh so I’m not trying to Pat myself on the back but you know check the receipts on the

Video uploads here on the boscoin YouTube channel some of these numbers are crazy to see it’s also really cool to see some of these funds actually support Bitcoin hopefully that doesn’t mean that they’ll end up like taking control of it we’ll see how that plays out but donating to the developers I

Think is something that these things should do because they’re profiting off of Bitcoin big time so why not reinvest in the Bitcoin ecosystem that has no self-funding model no incentive for anyone to develop Bitcoin unless they are paid by priv private companies someone or really multiple companies and

People need to step up and create some sort of ecosystem that creates a healthy developing environment for Bitcoin otherwise what’s the point I could go work on XY or Z cryptocurrency as a developer and make hundreds of thousands and have the upside for millions or make nothing other than padding my resume

Working on bitcoin it’s no wonder a lot of Bitcoin development has been relatively lackluster over the last half decade as Bitcoin has become more and more expensive making it harder to just get into Bitcoin and then reap the upside there’s so much more to that but let’s

Just kind of leave it at that and remember that nerd wallet is not all that friendly to cryptocurrency so I just hope that you know and are aware of that one at least off some of the things I have read uh but they are already posting articles about cryptocurrency

ETFs six current options right cryptocurrency stock ETFs here examples Bitcoin ETFs and so this is them establishing their ground framework and soon enough you’ll be Googling best Bitcoin ETF and they’ll be trying to rank at the top of that uh and give you some options there the key difference

You’re going to see between most of these ETFs is just going to be the management fee as well as how they are going to custody these coins and if they have any sort of ecosystem incentives like donating to the developers uh and then simply you’re going to be looking

At some options that are available here maybe not available there uh depending on your trading platform of trust the Bitcoin ETFs have absolutely dumped since they launched many people I know especially in cryptocurrency have rushed uh to get some of their dirty dollars another Fiat into these uh trusts and

And ETFs as quickly as possible let’s pay some respect to valkyrie’s bitcoin fund with the ticker brr cue the money printing memes please oh yeah and WTF is an ETF it’s an exchange traded fund combining the flexibility of stocks and portfolio diversifying strengths of mutual funds ETFs give you an affordable way to

Access a wide variety of asset classes uh so for example like some popular ETFs are like the vo uh it’s by Vanguard which has come under a lot of scrutiny when it’s come to bitcoin recently which is pretty funny the vo ETF basically gives you the top 500

Stocks it’s a very popular option uh for just a simple stock for people to buy to get like the main exposure on the top of the uh stock market and then it’s also very popular option for people to put into their iros and Roth iros and other retirement accounts for for example Miss

Vosque Alexa is heavily invested in vo because she just wants some very simple exposure to what she calls the non shitcoin stocks if you will that’s the because it’s the top 500 uh buy their market caps I put my money into some of the riskiest things under the sun on the

Flip side Alexa is much more conservative and that’s why she really appreciates an option like the vo I I think it’s a good option uh personally and I either may have some in my retirement portfolio or I’ll probably add some eventually uh but I have fun

Picking all my stocks uh and that’s why big ETFs like that are kind of boring to me uh cuz I basically live in the market I I do stock and cryptocurrency research pretty much all day every day so this was verified true uh just so you know uh

And this is from Kobe if you’re familiar with him off of crypto Twitter basically he thinks that people are getting this very wrong and so he posted this last year right right going long here uh and and that’s in August 2023 bitcoin’s pretty much free the ETF approval is the

Death now right by the time BTC approves then will likely be around $50,000 per Bitcoin gbtc is unlocked uh with prices near enough to all-time high perfect scenario for gptc baggies they’re back almost whole well next problem dcg is an insane debt and they and they and he

Doubts that they want to reduce their fee for their only Revenue printer uh so they’ll hold these people hostage somehow if possible uh the effect is that a lot of people are going to dump their gbtc and to be frank if I was in gpdc I would be dumping that as fast as

I possibly could and if I still wanted that same exposure I would be going into all these new Bitcoin ETF options that every single one of them is a better option than gbtc from a point of view of the management fees a better company and better track records and uh in this case

The grass is greener on the other side because there ain’t no grass on this side other than the fact that they can finally get out of their positions that they’ve been held captive in by these parent companies all the ETF buyers from the first week will be instantly down

15% and it’s pretty crazy when we look at some of the charts here and they’re all pretty much down 15% so far um and I’m down in my early positions uh because it was was obviously going to go two ways it was going to pump crazy or

It was going to dump but it makes sense that this kind of capital is slower to get into uh these positions so I recorded most of this video a few days ago but there’s been some recent developments and we still had it in editing so why wouldn’t we add some more

Information to it pro shares Bitcoin strategy ETF B which let’s say is more like kind of was the world’s leading Bitcoin Futures based exchange traded fund this cooled significantly since the launch of ETFs or basically real Bitcoin ETFs B shares worth just over 500 million Chang hands

On the New York Stock Exchange a 75% slide from the record 2 billion registered on January 11th bitto’s witnessed a net outflow of over $270 million over that same period meanwhile 11 spot ETFs registered a cumulative trading volume of 14 billion in the first week which that’s referencing the

Bitcoin ETFs CNBC CBOE Global markets Katherine clay believes options are natural progression for Bitcoin ETFs the CBOE the largest US options exchange filed with the SEC on January 5th to offer options linked to Bitcoin exchange traded funds they’re saying that you’re going to start seeing all sorts of hedge

Fund players in the space folks who might not have been traditionally speculating on crypto directly in the crypto ecosystem are now going to have something to play with if what happens in Bitcoin is what happens in single stocks we’re going to see retail in particular and a lot of Institutions

Move towards zero days to expiration options trading on bitcoin itself more results have come out as we expected it’s not good the FTX estate has 22 million units of grayscales Bitcoin ETF to sell and that’s just them everybody wants out of gbtc because they basically

Have been held hostage there if I was in any of gbtc you know product or anything in the whole uh dcg ecosystem I would be looking to get out as soon as possible and be in literally anything even if I had basically the same competitor product but to actually be a company I

Would then be able to personally trust uh FTX sold about 1 billion of grayscales Bitcoin ETF explaining a lot of the outflow reportedly FDX is bankruptcy estate dumped 22 million shares investors have sold more than 2 billion of gbt DC that 22 million shares by the way worth you know just about a

Cool1 billion dollar but check this out it’s not all bad news year-to dat flows perus article which just came out we look at grayscales ETF outflow of $1.6 billion but remember because these metrics are measured in just a cool Millions right there uh we look at I shares ibid in particular black rocks

Bitcoin ETF a billion doll inflow we look at Fidelity over a half a billion bitwise 378 million Arc 21 254 million vonc with the great hoddle ticker oh only 22 million but still positive a market analyst said that he would be surprised if any of these funds

Shut down over the next year uh even the smaller ones it’s positive across the board other than grayscales Bitcoin trust gbtc I have been really rooting for the valkyrie Bitcoin fund based on their ticker but again like we’ve discussed in this video Fidelity commands the absolute utmost respect out of all of

Their competitors here because they are the self- custodians they custody their own Bitcoin here in this equation uh we’ve seen the initial launch we’ve seen the initial excitement and at this point I personally I think you know it will be a casual grind upwards with some spikes

Along the way and it will really just you know essentially match uh the general Bitcoin cryptocurrency Market you know if we enter a parabolic Bitcoin Crypt bow run uh yeah obviously these things are going to do well and they may very likely outperform BTC much like we saw Bitcoin mining stocks actually

Outperform bitcoin’s performance and returns in the last bowl run more volatile yes uh do I own happily a lot of Bitcoin mining shares and Bitcoin ETF shares now prior to the next hopefully parabolic Bitcoin B run also yes so I’m putting my money where my mouth is

Really I think Bitcoin ETFs uh will end up in a lot of retirement portfolios Bitcoin by itself alone is really becoming its own asset class digital gold um it’s starting to be marketed as an inflation hedge among other things which of course has always been uh but

The bottom line is this is what I think will be the last parabolic crypto Bitcoin bull run after this Bitcoin and crypto is going to be normalized and it’s just going to be the riskier stocks okay uh it’s we’re not going to see the crazy crazy Market swings we’re not

Going to see so many opportunities to 1,000 next to 100x to 10x uh obviously there’s still going to be an upside it’s still going to grow there’s still much so much more to be had there but you know if you’re thinking like oh you want

Another bow run like 2021 is or you want another bow run like 2017 into the really first month of 2018 this is probably going to be the last ride and especially because of things like Bitcoin ETFs that will bring this asset class of cryptocurrency as a whole including Bitcoin from being around $2

Trillion to tens of trillions eventually a hundred trillion and there’s great places for current bitcoin and crypto holders to go at least you know I I hope personally right and obviously this isn’t a financial advice I’m speaking from my own point of view and my own goals and

Focus here uh but making content here on vcoin is a key thing we do here among building our own Bitcoin and crypto currency mining Farm but yeah anyway anyway that’s kind of the gist this is the situation if you wanted to get up to speed on what’s going on with Bitcoin

ETFs why aren’t we on the moon yet what’s the dump issue um kind of everything in between I hope that this video uh did that for you as always I try to condense hours and hours and hours of research with years and years and years of experience into bite-sized

Content here on the channel for you if you found value all I ask is you just subscribe stick around and uh join me on this crazy crypto Journey because it is crazy crazy it is fun it is lucrative and it is painful allinone uh yeah it’s a roller coaster so thanks for watching

Hope to see you on the next Video