The Plain Bagel's video: 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 - Introduction 02:38 - SECs Approval 05:57 - Pros of Spot ETFs 07:40 - Profit Taking 08:49 - Fund Flow Disappointment 11:54 - Past Innovations 12:40 - Future Challenges If 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).