BREAKDOWN: Bitcoin Wraps the First Week of the ETF Era
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 October 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
A look at ETF performance, fundraising and new mainstream and institutional involvement in the asset class.
This episode is sponsored by NYDIG.
On this edition of “The Breakdown’s Weekly Recap,” NLW covers:
- The record-setting performance of the first bitcoin futures exchange-traded fund and what happens next as new ETFs come to market
- A massive spate of fundraising, particularly for crypto-focused venture capital funds
- New institutional and mainstream adoption of crypto by $2 trillion asset manager PIMCO and Walmart
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MicroStockHub/E+/Getty Images, modified by CoinDesk.
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Transcript
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| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world. |
| 1:05.9 | The breakdown is sponsored by Nidig and produced and distributed by CoinDesk. |
| 1:12.4 | What's going on, guys? It is Saturday, October 23rd, and that means it's time for the |
| 1:17.4 | weekly recap. And as always, the weekly recap is always one of sort of two different things. |
| 1:22.8 | It's either a deep dive on a topic that just didn't have time for the week, or it is a true weekly recap |
| 1:28.7 | looking at a bunch of different topics and summing them up. And this is that type of recap. |
| 1:33.2 | So let's start with the main topic, what this week will be remembered for. |
| 1:38.7 | It was Bitcoin ETF week number one, ground zero, the beginning of potentially a new era in the Bitcoin |
| 1:47.0 | market history. ProShare's BITO Bitcoin Futures ETF launched Tuesday, and it was a hit. |
| 1:54.4 | It reached a billion dollars in volume and $570 million in inflows on Tuesday. That made it the second most traded first day for any ETF in history. |
... |
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