COINDESK DAILY: Morgan Stanley May Allow Brokers to Pitch Bitcoin ETFs; 'Buy Bitcoin' Sign Auctioned for Over $1M

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4.7 • 698 Ratings

🗓️ 25 April 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from when Morgan Stanley could allow brokers to recommend ETFs to the auction of the iconic "Buy Bitcoin" sign. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Morgan Stanley (MS) is looking to allow its brokers to recommend spot bitcoin ETFs to their customers according to a report from AdvisorHub. Plus, Aligned Layer has raised a $20 million Series A, and the iconic 'Buy Bitcoin' sign has been auctioned off for 16 BTC. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - 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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0:00.0	Morgan Stanley is looking to allow its 15,000 brokers to recommend Bitcoin ETFs to their customers.
0:08.3	That's according to a report from Advisor Hub. The Wall Street Giant opened up Bitcoin ETF purchases after they had been approved earlier this year.
0:16.4	However, this was done only on an unsolicited basis. The bank is now looking to let brokers
0:21.7	pitch ETFs directly to customers. The move is a testament to the demand for spot ETFs and
0:26.7	could bring additional inflows into the funds. The ETFs allow customers to reap the benefits
0:31.7	of investing in the largest cryptocurrency by market cap without direct exposure.
0:37.4	Ethereum verification protocol aligned layer raised a $20 million series A to enable
0:41.9	faster and cheaper zero knowledge proofs. The fundraiser was led by HackVC. The firm hopes
0:47.5	to help engineers avoid bottlenecks improving their code while making it cheaper to build
0:51.9	applications on top of Ethereum that use ZK Proofs.
0:55.8	ZK Proofs refer to protocols in which one party can verify the truth of a statement to the
1:01.1	other party without conveying any further information about it.
1:05.1	And the Buy Bitcoin sign has sold for over a million dollars at auction, the iconic sign
1:10.2	that was held behind Janet
1:11.7	Yellen during her congressional testimony in July 2017 was auctioned for 16 Bitcoin,
1:17.3	a record amount for auction platform scarce city. The auction was held in New York at
1:22.5	Bitcoin-themed bar Pubkey. The previous owner of the sign, Christian Langallis, says the proceeds will go to
1:28.7	funding his startup, which is developing a Bitcoin Lightning Network wallet on orbit. That's it for
1:34.2	CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time.

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