Explaining The Bitcoin Spot ETF Situation

This video is sponsored by Blinkist - get a 7-day free trial and 25% off Blinkist Annual Premium by clicking: https://bit.ly/theplainbagelJan24 or scanning the QR code.Bitcoin spot ETFs were recently approved in the US, and despite traders speculating about the price catapulting from here, the cryptocurrency has actually fallen. Today we'll explain why this is the case, and why Bitcoin ETFs shouldn't matter all that much to your investment thesis.00:00 - Introduction02:38 - SECs Approval05:57 - Pros of Spot ETFs07:40 - #1 Profit Taking08:49 - #2 Fund Flow Disappointment11:54 - #3 Past Innovations12:40 - #4 Future ChallengesIf you'd like to support the channel, you can do so at https://www.patreon.com/ThePlainBagel :)DISCLAIMER:Richard does not have a position in bitcoin.This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer). Learn more about your ad choices. Visit megaphone.fm/adchoices