Bitcoin Jumps as BTC Futures ETF Set to Make Its Debut

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 16 October 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct 15,2021: Amid supply chain issues and inflation fears, the crypto wave continues strong with Bitcoin topping $60,000, nearing a record high. Real Vision CEO and co-founder Raoul Pal discusses the massive arbitrage opportunity that the Bitcoin Futures ETF provides and what this means for the retail investor and the crypto industry as a whole. This week’s strong bank earnings triggered the markets' latest rally, signaling a continued strong recovery and easing slowdown concerns. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3vg6rmQ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the ReelVision podcast network.
0:12.3	Welcome to the ReelVision daily briefing.
0:13.8	It's Friday, October 15, 2021.
0:17.0	I'm Ash Bennington joined shortly by our CEO and co-founder,
0:21.2	Rao Pell, and it's a great day to have Rao on.
0:24.3	There's a lot happening out there right now.
0:26.6	Strong earnings at banks, a Goldman Sachs just came in.
0:29.5	I was looking at these numbers right before we went on air.
0:31.7	Revenue up 26% profits jump 60%.
0:36.5	Lots to talk about with inflation, supply chains,
0:39.8	the shortages in the labor market.
0:42.2	And finally, of course, the Bitcoin ETF proposal that appears to be
0:48.0	appears to be about to go through.
0:50.4	Let's do a quick update on the markets where we are right now.
0:54.0	Looks like Dow Jones industrial average is the big winner on US equities.
0:57.8	Everything else is green.
0:59.2	But Dow is up the most at one spot, 1% closing out the day at 35,295.
1:06.6	S&P also up on the day, closing out 4,471.
1:11.7	By the way, while we're talking about this, let's take a look at Bitcoin.
1:15.5	Looks like Bitcoin on the day right now, 61,259.
1:20.7	Once again, above the 60 handle, Ethereum also up on the day,
1:25.6	up on the week, 3,838, with all that said,
	...

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