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CoinDesk Podcast Network

COINDESK DAILY: Bitcoin ETF Investors Bought the Dip; France Votes for Hung Parliament

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 8 July 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the news in the crypto industry from the net inflows of spot bitcoin ETFs after the BTC plunge to France's vote for a hung parliament. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as U.S. spot bitcoin ETFs saw $143.1 million in net inflows on Friday after the BTC plunge. Plus, Germany's bitcoin holdings and what the vote for a hung parliament in France means for crypto regulation. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.6

US-based spot Bitcoin ETF saw $143.1 million in net inflows on Friday, the highest level

0:58.6

in at least two weeks, according to data tracked by Farside investors.

1:02.5

This comes after the historic plunge in Bitcoin sentence price down more than 10% from the

1:07.4

pre-July 4th holiday level. Fidelity's wise origin Bitcoin fund led the inflow with $117.4 million of net new money,

1:15.9

and the high fee gray scale Bitcoin Trust continued to bleed assets.

1:19.6

As of 9.30 a.m. Eastern Time Bitcoin has rebounded back to the $57,000 level,

1:25.2

and the CoinDisk 20 index has also warmed up to just below 2000.

1:29.5

According to blockchain data, tracked by Arkham Intelligence, Germany still holds nearly 40,000

1:35.0

Bitcoin that are worth $2.2 billion. Early this year, the German federal criminal police office

1:40.7

seized 49,857 Bitcoin from the operators of movie2K.TO, a privacy website that

1:48.3

was last active in 2013. Since mid-June, the government has liquidated over 10,000 Bitcoin

1:53.8

putting downward pressure on the cryptocurrencies going market rate. And France voted for a hung

...

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