Bitcoin Is Crashing. Here's What Wall Street Knows.

About this episode

Bloomberg Intelligence senior ETF analyst Eric Balchunas joins Scott Melker on The Wolf Of All Streets as Bitcoin falls to a 12-week low near $67K while spot Bitcoin ETFs keep seeing outflows and the broader stock market bounces. Scott and Eric open with the Jensen Huang headline and why ETF buyers keep buying equity dips, then dig into whether Bitcoin ETF flows lead or follow price, the history of gold ETFs, long-term conviction, self-custody versus ETF custody, and why Wall Street custodians are suited to hold Bitcoin. The Weekly Wreckoning then covers the weekly 50 MA, Coinbase's U.S. trust charter, OKX and ICE tokenized stocks, MSCI dropping Strategy, and a North Korea Zoom scam. In this episode:00:00 Bitcoin crashes to $67K and the Jensen Huang headline02:02 Eric Balchunas on ETF flows and the AI sell-off04:02 Are Bitcoin ETF flows leading or following price?06:03 Gold ETF history and what it means for Bitcoin12:06 Why long-term conviction beats timing16:08 Self-custody, censorship resistance and ETF security24:13 Why Wall Street custodians fit Bitcoin28:14 Weekly Wreckoning: Bitcoin below the weekly 50 MA31:17 Coinbase gets a full U.S. trust charter33:19 OKX and ICE tokenized stocks, MSCI drops Strategy Eric Balchunas on X: https://x.com/EricBalchunas Watch this episode on YouTube: https://www.youtube.com/watch?v=KJRod6tJ_w8 If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ Learn more about your ad choices. Visit megaphone.fm/adchoices