Why Bitcoin’s Price Isn’t Booming Despite ETF Demand & Controversial ZKsync Airdrop

Matt breaks down why Bitcoin’s price is not surging despite there being such strong ETF demand. He also covers the big week ahead for macro, Coinbase Smart Wallet, continued institutional adoption, and altcoin updates. Key Takeaways • Spot Bitcoin ETF demand continued to surge, yet prices held steady. It is becoming increasingly evident that more hedge funds are buying these ETFs while shorting BTC on the futures market (i.e. executing a cash-and-carry trade). • The big macro event to watch this week will be the U.S. Federal Reserve’s interest-rate decision (June 12). The U.S. CPI data release (June 12) will also be closely watched. If these are in line with expectations, a relief rally is highly likely. • Coinbase announced its smart wallet in an effort to dramatically simplify onboarding, eliminate network fees, and remove recovery phrases. • Among the altcoin updates covered: Arweave’s upcoming AO token, Optimism’s important upgrade, and airdrop details for ZKsync (ZK). Timestamps: 00:00 Intro 00:18 Downward Trend in Bitcoin & Altcoin Prices 06:08 Bitcoin ETFs: Demand vs Price 11:54 Spot Ethereum ETFs in the U.S. 14:33 Franklin Templeton's Interest in Asset Tokenisation 19:20 Fidelity and JP Morgan's Collaboration for Asset Tokenisation 24:10 Recent Altcoin News: Arweave, Optimism & ZKsync #BTC #ETH #zksync ——— 🔔 Enjoyed the episode? Hit SUBSCRIBE and turn on notifications for more! 📧 Join our free newsletter for weekly crypto insights: collectiveshift.io/newsletter/ 💻 Book a free 15-minute call to get expert advice on how to make your crypto portfolio meet your specific investment goals. In our consult, we’ll chat about your crypto goals and share insights that you can factor into growing and developing your portfolio. Schedule your consult: collectiveshift.io/become-a-member 👉 Connect with us: X: x.com/cshift_io Facebook: www.facebook.com/collectiveshift.io/ LinkedIn: www.linkedin.com/company/collectiveshift ——— Disclaimer: We are not Financial Advisors. All opinions expressed by Collective Shift representatives and/or guest/s in this video are intended for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers' specific circumstances. Collective Shift and its individual team members are not liable to the viewer or any other party for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances. The viewer should always: 1. conduct their own research; 2. never invest more than they are willing to lose; and 3. obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this vi

• #news_politics
• #bitcoin
• #ethereum
• #zksync