Equity Monday: Bitcoin ETFs, Carta’s latest mess, and let’s go to the Moon

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 8 January 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here’s what we got into on the show today: Stocks and Crypto: Tech stocks aren’t moving too much this morning as the market digests the Boeing mess. In crypto-land, the price of bitcoin is up. Bitcoin ETFs: And this is why. A rush of new filings this morning showed that bitcoin spot ETFs are targeting a very low-fee structure as they compete for investor dollars. These investment vehicles are expected to get approved this week, or at least some of them, so expect a little market turbulence ahead. Carta is once again in trouble: Carta, which makes cap table software for startups, is in trouble after some of its sales people used internal information to try and broker trades without customer consent. Guess how well that is going over. The ULA managed to get its rocket into the sky! This is great news for space launch competition. And for going back to the Moon. And the GPT store is supposed to come this very week. All that and more, we promise. Talk to you in two days! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.4	Hello and welcome back to Equity Tech Runches Podcast about the business of startups where we unpack the numbers and the nuance behind the headlines. This is
0:19.3	Alex good morning. Today is January 8, 2024.
0:23.6	It's the first real week of the year,
0:25.6	so if you were just knocking off the cobwebs
0:27.5	and getting back into work, don't worry,
0:29.5	you are not alone.
0:31.0	On the equity front, don't forget that this week we'll see the first of our
0:34.4	rejigger Wednesday episodes. They're going to be shorter, punchier, more filled
0:38.8	with startup and venture news. Look for that, get ready, get excited. I am.
0:43.0	Today on the show we have stocks and crypto,
0:45.0	Bitcoin EDFs are probably finally actually really coming
0:49.0	this week, we think, the latest drama at Karta,
0:52.0	a key rocket launch launch and open AI's
0:54.8	GPT store is supposed to launch this week. Let's go.
0:58.3	Starting off as we do with the world of money if you spend that globe and take a look at the stock market over in Asia
1:07.6	shares are mostly down today what's driving that well the fall of Zongji in China is a major negative catalyst. Look that up if you want.
1:16.0	In Europe, shares are down, but not by much. And here in the US, tech stocks are flat in pre-market trading and the big news is actually not a tech story,
1:26.2	but it's the latest set of issues at Boeing, an American company that appears unable to build airplanes
1:31.6	that stay in one piece as they fly these days.
1:34.8	This comes after the company had issues with planes that did not stay in the sky.
1:39.1	Not a great look.
1:40.4	Shares of Boeing are off about 7.5% in pre-market trading.
	...

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