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COINDESK DAILY: Coinbase's Blowout First Quarter; Could Hong Kong ETFs See $1B AUM by 2024 End?

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 3 May 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from Coinbase's blowout first quarter to Kraken indices provider's prediction on Hong Kong ETFs.

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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the blowout first quarter of Coinbase where the crypto exchange reported net income of $1.2 billion. Plus, Kraken's indices provider predicts that spot ETF products in Hong Kong will reach $1 billion in AUM by the end of 2024. And, Jack Dorsey's Block doubles down on bitcoin.

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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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0:51.9

Coinbase had a blowout first quarter according to analysts.

0:55.9

The crypto exchange reported a first quarter net income of $1.2 billion and diluted earnings per share of $4.40.

1:03.4

Broker JMP said in a research report on Thursday that the crypto exchange benefited from improving

1:07.9

crypto market conditions and business diversification efforts.

1:11.9

The broker reiterated its market outperform rating and $320 price target.

1:17.2

The analysts wrote that they see a number of underlying trends supporting their positive

1:21.0

thesis that Coinbase will remain a relevant player in virtually all aspects of the crypto economy.

1:27.3

Cracken's Indices provider anticipates a billion dollars in assets under management player in virtually all aspects of the crypto economy.

1:32.2

Cracken's indices provider anticipates a billion dollars in assets under management in Hong Kong ETFs by the end of the year. That's according to Bloomberg.

1:35.8

Sway Chung, the CEO of CF benchmarks, a unit of Cracken, predicts that despite a lackluster

1:41.3

beginning, crypto ETFs in Hong Kong will pick up speed.

1:45.2

The London-based firm provides reference data for crypto ETFs, mostly Bitcoin products,

...

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