Bitcoin tops $50,000
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 13 February 2024
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, February 13th. I'm Julie Morgan. |
| 0:13.3 | Bitcoin tops 50,000. |
| 0:15.7 | Carl ICON discloses a stake in JetBlue |
| 0:19.1 | and expresses considering how to restructure its debt. |
| 0:23.0 | Bitcoin broke past 50,000 for the first time since late 2021 |
| 0:28.0 | as Spot Bitcoin EDFs continue to see strong inflows. |
| 0:32.0 | However, it remains well below the 69,000 peak it reached in |
| 0:36.8 | November of 2021. The CEO of M.N. Trading Consultants, he says even though FTX, Luna, Celsius, and BlockFi, went down in |
| 0:46.5 | 2022, it did not change anything on the fundamentals of Bitcoin. |
| 0:51.5 | According to coin shares, spot Bitcoin EDF saw net inflows of $1.1 billion last week, bringing |
| 0:58.6 | inflows since the January launched to $2.8 dollars. Meanwhile outflows from |
| 1:04.7 | gray-scale Bitcoin trust continue to slow down. With the success of |
| 1:09.0 | Bitcoin EDFs, Wall Street firms are now increasingly filing for Spot Ethereum EDFs. |
| 1:15.0 | The latest being Franklin Templeton. |
| 1:17.5 | Other applicants include Van Eck, Arc, Black Rock, Fidelity, and Greyscale. |
| 1:23.0 | While the industry expects the SEC's approval for Spot Ethereum EDFs by May, |
| 1:28.5 | J.P. Morgan previously said the odds for this are no more than 50%. |
| 1:34.0 | JetBlue jumped after hours on Monday after activist investor Carl ICON |
| 1:39.0 | disclosed a 9.91% stake in the low-cost airline. JetBlue is up 15% at $6.99 pre-market. |
| 1:49.0 | ICON now owns 33.6 million shares of JetBlue, which are valued at $204.1 million, based on the last |
| 1:57.0 | closing price of $6.7 cents per share. |
... |
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