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Real Vision: Finance & Investing

Dave Floyd on the Bitcoin Futures ETF Launch, the US Dollar, and Tech

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 19 October 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

DB-Oct 18,2021: Bitcoin continued to climb to all-time highs with ProShares planning to launch the first ever Bitcoin-linked ETF, which will track the Bitcoin futures market, tomorrow on the NYSE. Dave Floyd, founder of Aspen Trading, joins the Daily Briefing to examine the trading around Bitcoin since the ETF was announced and will share his perspective on how it will continue to influence its trading going forward. Floyd also shares his thoughts on other assets and sectors he's looking at now, such as the ARK Innovation ETF, which he says “will be key for bulls and bears this week”. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3BXDDC7 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello, and welcome to the Real Vision Daily briefing.

0:07.9

I'm Maggie Lake, and with me today is Dave Floyd of Aspen Trading Group.

0:12.5

We're going to talk about where Dave sees opportunity in this market, but first let's get

0:16.0

a quick snapshot of the action this Monday.

0:18.9

US stocks, mix, the NASDAQ pushed higher, led by a rally in technology, the S&P 500 also

0:24.9

up at the Dow lagging.

0:26.8

Now Dave, I know that you've been closely watching the action in the S&P.

0:32.1

What do you make of this rebound that started the last week?

0:34.8

How are you feeling as we begin this new week?

0:37.9

Well, yeah, thanks for having me, Maggie, trying to leave opinions aside based on everything

0:43.4

that's happening, meaning higher inflation, weaker bond prices.

0:47.6

You would say that this is kind of odd price action, but I'm trying to look beyond that.

0:52.0

The market's obviously moving higher.

0:54.5

The only thing that I would say that I'm looking at from an objective perspective are

1:00.0

some of the levels that we're at right now, 43, I'm sorry, 4471, 4473, if my chart happens

1:07.0

to be up.

1:08.0

As you can see, that's been a pretty key level going back all the way in October and all

1:12.0

the way back into September, mark the high overnight, almost the high.

1:16.0

We got almost to there.

1:17.0

We sold off coming into the New York open and guess where we're closing, just slightly above

1:21.6

that level.

1:23.4

What it basically tells me is there's somebody out there in large capacity wanting to buy

...

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