MARKETS DAILY: Crypto Update | Crypto Markets Trends as Traders Anticipate Spot Ether ETFs

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4.7 • 698 Ratings

🗓️ 17 July 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Helene Braun and Framework Ventures co-founder Michael Anderson. To get the show every day, follow the podcast here. Framework Ventures co-founder Michael Anderson joins CoinDesk to discuss how the overall crypto market is impacted by the upcoming launch of spot ether ETFs and former President Trump's VP pick. Plus, insights on potential Fed rate cuts and the latest in the gaming industry. - This episode was hosted by Helene Braun. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey. 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	Good morning, everyone.
0:06.6	Welcome to another episode of Markets Daily.
0:09.5	It's Wednesday, July 17th, and it's been an eventful week so far in crypto.
0:14.8	We found out Monday that the spot Ethereum ETFs will most likely launch next Tuesday.
0:20.6	Later that day, former president Donald Trump
0:23.0	announced his pick for vice president, Ohio Senator J.D. Vance, who's in the past tried to bring
0:29.1	clearer crypto legislation forward. He also holds Bitcoin. So I think crypto leaders were
0:34.4	quite happy with that choice. He's expected to address the Republican
0:38.0	Party later today at the Republican National Convention. So we'll see if he brings up his views
0:44.1	on digital assets there. Speaking of digital assets, Bitcoin is up by about 2.2% over the past 24 hours,
0:52.9	partly as a reaction to Trump's VP pick. Ethereum is at 1.8%
0:58.4	trading at $3,471 at 10 a.m. Eastern time. Bidwise chief investment officer Matt Hogan wrote
1:06.8	in a note this morning that the launch of the ether ETFs next week will push the price
1:11.4	above $5,000.
1:13.1	So something to look out for there.
1:15.6	But let's bring in our guests and make sense of it all.
1:18.6	As always, joining me now is Michael Anderson, co-founder of Framework Ventures.
1:24.0	Good morning, Michael.
1:26.0	Morning.
1:26.8	Great to be here. Thanks for having me. Thanks for coming on this
1:31.4	morning. Michael, let's stick with the ETF talk here for a second. Spot Bitcoin ETFs passed
1:37.5	$16 billion of inflows yesterday after they took in, I believe, $300 million on Monday. How do you think inflows and volume will
	...

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