SkyBridge Capital’s founder comments that BTC’s decline following the ETF approval is partially due to GBTC’s selling pressure. Scaramucci also relates Bitcoin’s downward trend to FTX’s increasing sale of Bitcoin. Despite bullish predictions on BTC, the crypto experienced a bearish track following the ETF approval. Bitcoin has been witnessing a downward trend since the Securities The post Why Does Bitcoin Decline Following the SEC’s ETF Approval? An Analysis appeared first on Coin Edition .