US government quietly offloads $770M in bitcoin

Scott Melker discusses why bitcoin (BTC-USD) exchange-traded funds (ETFs) have lost millions of dollars this year, why the US government is selling $770M in bitcoin and explains what crypto investors need to know about Securitize's (SECZ) newly launched tokenized stock trading. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Video Transcript 00:00 Scott Melker United States government linked wallets moved nearly 10,000 Bitcoin to Coinbase Prime. Meanwhile, Bitcoin ETFs saw nearly a half a billion dollars in outflows yesterday. Are these the news items that are behind the drawdown in Bitcoin? We'll talk about it now and everything else happening in the news on the Daily Wolf. Let's go.