meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: VanEck CEO On Bitcoin ETF Inflow Surge 3/13/24

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 13 March 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

VanEck temporarily cut its bitcoin ETF fee to 0% on Monday and inflows have surged more than $200M. CEO Jan van Eck talks long-term strategy and competing with the larger players. BD8 Capital’s Barbara Doran and Cantor Fitzgerald’s Eric Johnston debate if the market is in a bubble. Evercore’s Mark Mahaney shares fresh Netflix data, plus what a TikTok ban would mean for US entertainment stocks. Raymond James Global Head of Private Capital Sunaina Haldea on what her clients are doing and what Reddit’s upcoming IPO means for the broader markets.

Transcript

Click on a timestamp to play from that location

0:00.0

The mixed picture today stocks closing near the lows of the training session though

0:04.2

after some late day weakness that is the scorecard on Wall Street the action is just

0:08.3

getting started. Welcome to Closing Bell overtime I'm Morgan Brennan with John Port

0:11.7

It's a mixed day for the major averages

0:13.9

the doubt extending its wind streak to a third day while the S&P and NASDAQ fall

0:18.1

for the third time in four sessions. Bitcoin though keeps booming topping 73,000 today and Van X seeing a boom in

0:27.0

inflows to its Bitcoin EDF after temporarily waiving fees.

0:31.0

CEO Jan Van X is going to discuss this anti-fee for all.

0:35.0

I'll see what you did there.

0:37.0

Plus, we've got Ebercore ISI's Mark Mahaney on how Congress moved to potentially ban

0:41.8

Tic- Talk in the US could impact social media stocks.

0:46.0

American social media stocks.

0:48.1

Let's get to today's action with our market panel.

0:50.9

Joining us now, Barbara Duran of B. D. 8 Capital and Eric Johnston of

0:54.0

Cantor Fitzgerald. Great to have you both on. As we mentioned, it was a little bit of a mixed

0:58.2

picture today. Big tech taking it on the chin. Barbara, I'll start with you because even though that was the case

1:04.1

the Dow did eke out an ever so slight gain here and the equal weight version of

1:08.9

the S&P actually outperformed as well.

1:12.5

Looks like Russell 2000 also higher.

1:14.4

How does that speak to the action

1:17.0

that we're seeing in equities under the surface?

1:20.0

Yeah, Morgan, everybody's trying to figure that out.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.