COINDESK DAILY: Bitcoin Tumbles Amid Record ETF Outflows, Tariffs, Bybit Hack

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CoinDesk

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4.7 • 698 Ratings

🗓️ 27 February 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as U.S. spot-listed ETFs bled over $750 million. Bitcoin fell for a fourth straight day Thursday morning as U.S. spot-listed ETFs saw total outflows of over $750 million. Meanwhile, Bybit is pointing fingers at Safe wallet for their $1.5B hack and there are a few bright spots on the regulatory front with the SEC dropping investigations, most recently against Gemini. CoinDesk's Christine Lee reports "CoinDesk Daily." - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.7	Bitcoin four days straight in the red. It's Thursday, February 27, 2025. I'm Christine Lee. This is CoinDest Daily.
1:02.8	Bitcoin declining for a fourth consecutive day, Thursday morning in New York, tumbling about 20% from its January record high amid uncertainties around rising
1:13.2	inflation and a looming global trade war. U.S. spotlisted exchange traded funds saw a total
1:18.8	outflow of over $750 million. Far side data shows there have been $3.6 billion of outflow
1:26.9	since February 7th.
1:28.5	Coinglass data shows that BlackRock's iBit saw record outflows and over $4 billion
1:34.0	worth of volume traded during Wednesday's session, the sixth highest ETF traded in the U.S.
1:39.7	The Chicago Mercantile Exchange is also seeing open interest drop to the lowest level since November.
1:44.9	This is a sign that the basis trade is starting to unwind.
1:48.7	Cryptocurrency Exchange by bit publishing a forensic review on last week's $1.5 billion
1:53.8	hack, revealing that its systems had not been infiltrated and that the issue stemmed from
1:59.0	Safe Wallet, saying the credentials of a safe
	...

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