COINDESK DAILY: Why ETH ETFs Might Not Get Approved; 3AC's Kyle Davies Not Sorry
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 March 2024
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry from the potential of spot ether ETF approval to 3AC's Kyle Davies speaking up on the company's bankruptcy.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a Bloomberg analyst's prediction that ether ETFs likely won’t get approved in May. Plus, 3AC co-founder, Kyle Davies, speaks up about the company's bankruptcy; and Polygon Labs paid $4 million to Starbucks for the coffee company’s now failed Web3 project.
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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.
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Transcript
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| 0:51.6 | Bloomberg analysts predict that Ether ETFs likely won't get approved in May. |
| 0:57.3 | Analyst James Safer wrote on X that the SEC hasn't engaged with issuers on Ethereum specifics, |
| 1:05.0 | noting that this is the exact opposite of the regulator's actions with the spot Bitcoin ETF. |
| 1:10.5 | Seven issuers are hoping to launch |
| 1:12.3 | an ether fund, including BlackRock and Fidelity. And while the SEC postponed a decision |
| 1:17.3 | previously, it will have to make a decision by May 23rd, the final deadline for one of the applicants. |
| 1:24.6 | 3AC co-founder Kyle Davies was on an episode of The Unchained podcast and said that he won't |
| 1:30.7 | apologize for the company going bankrupt. He said, quote, am I sorry for a company going bankrupt? |
| 1:36.8 | No, like companies go bankrupt, almost every company goes bankrupt, right? And quote, Davies and |
| 1:43.7 | Suu co-founded Three Arrow's Capital in 2012 |
| 1:46.8 | and suffered heavy losses mid-2020 during the crypto market downturn. |
| 1:53.1 | And according to sources, Polygon paid Starbucks $4 million to host the coffee companies now |
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