Companies Pile Into Bitcoin as Grayscale Nabs ETF Green light | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 July 2025
⏱️ 2 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as corporates continue to explore bitcoin treasuries.
Publicly traded companies continue to explore bitcoin treasuries and they have been buying more BTC than ETF products for the third straight quarter according to a CNBC report. Plus, SEC green-lights Grayscale's new ETF products and Coinbase's new acquisition. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Corporates are buying more Bitcoin and grayscale gets the green light for a new ETF. |
| 0:06.3 | You're watching Coin Desk Daily. I'm your host, Jen Sanassi. |
| 0:15.9 | Publicly traded companies continue to explore Bitcoin treasuries. |
| 0:19.6 | According to CNBC, they've been buying more |
| 0:21.7 | Bitcoin than ETF products for the third straight quarter. Corporations increase their |
| 0:27.2 | Bitcoin holdings by about 18% in the three months, ending on June 30th, adding roughly 131,000 |
| 0:33.7 | Bitcoin to their balance sheets, while ETF holdings grew 8% or around 111,000 Bitcoin |
| 0:40.1 | based on figures from Bitcoin Treasuries.net. Firms adopting Bitcoin Treasuries hope to |
| 0:45.1 | differentiate themselves and tap into new sources of capital and investor enthusiasm. |
| 0:49.8 | The interest in Bitcoin Treasuries, however, does not diminish the optimism in ETF developments in the United States. |
| 0:56.3 | The SEC has approved Grayscale's Digital Large Cap Fund, or GDLC, to convert it to a spot crypto ETF. |
| 1:03.6 | The fund, which holds Bitcoin Ethereum, XRP, Salana, and Cardano currently manages $755 million in assets with 80% of its weight in Bitcoin. |
| 1:13.3 | The SEC's letter on Tuesday noted that the fund is benchmarked to the CoinDisc 5 index. |
| 1:18.4 | CoinDisc indices Andy Baer says the fund will become the largest multi-token digital asset |
| 1:22.8 | ETF in the world. |
| 1:25.0 | And Coinbase announced the acquisition of Liquefai. Liquefai helps manage token |
| 1:29.7 | ownership, vesting schedules, and compliance, potentially supporting Coinbase's broader goal |
| 1:34.0 | of simplifying token launches. While the terms of the deal remain undisclosed, Coinbase said |
| 1:38.7 | in a blog post that the acquisition will make it easier for crypto startups to build on chain. |
| 1:43.3 | This marks Coinbase's |
| 1:44.4 | fourth acquisition this year after buying Spindle, the Ironfish team, and Deribit. Coin shares rose |
| 1:50.1 | around 2% this morning following the announcement. That's it for CoinDesk Daily. Get more updates on |
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