TechFlow News — Anthony Scaramucci, founder of SkyBridge Capital, said that after the approval and launch of spot Bitcoin ETFs, Bitcoin prices declined, partly due to GBTC sell-offs.
Scaramucci said in a Bloomberg TV interview on Friday: "Grayscale seems to have a lot of selling," although Grayscale has stated that ETF sales should not impact Bitcoin's price.
Scaramucci added: "The second thing we're seeing is the sale of FTX bankruptcy estate assets after the ETF news was realized. There's currently significant Bitcoin selling pressure, but we expect this supply overhang to clear within the next six to eight trading days. Moreover, Wall Street hasn't yet begun marketing these ETFs effectively, which should start in about eight days."
Add to Favorites
Share to Social Media
