MARKETS DAILY: Crypto Update | GBTC Discount Narrows as Institutional Interest Captures the Narrative

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 11 July 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, today’s top headlines from Arkham, Grayscale and the Bank for International Settlements. Today's episode is sponsored by Kraken Pro. Today's Stories: Crypto Startup Arkham Has Apparently Been Doxxing Users for Months Grayscale Argues Leveraged Bitcoin Futures ETF Approval Shows Spot ETF Should Be Approved Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ the Bank for International Settlements (BIS) Said After the FTX and Terra Collapses Gridless Uses Bitcoin Mining to Power Rural Africa - Crypto Projects to Watch 2023 - CoinDesk Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: GBTC Discount Narrows to Lowest Since May 2022 - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.6	This episode of Markets Daily is sponsored by Cracken.
0:57.9	It's Tuesday, July 11th, 20203, and this is Markets Daily from CoinDisc.
1:03.3	George Kluid is here again for your daily news roundup.
1:06.4	On today's show, we're talking Bitcoin, the latest headlines, and more.
1:10.4	And just a reminder,
1:11.5	CoinDisc is a news source and does not provide investment advice.
1:21.7	Bitcoin is up almost 0.8% and ether up about 0.3%.
1:28.3	The discount to net asset value, NAV, for the $19 billion plus gray scale Bitcoin
1:34.0	trust, GBTC, continues to narrow in the wake of asset manager BlackRock's application
1:39.4	to open a spot Bitcoin ETF in the United States.
1:43.1	The discount to NAV fell to as low as 26% at one point last week, the lowest level since
1:49.9	May 2022, and it currently sits at about 27%.
	...

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