4.8 • 689 Ratings
🗓️ 18 July 2024
⏱️ 12 minutes
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The latest price moves and insights with Helene Braun and Hyla Fund Management co-founder and CEO Paola Origel.
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Hyla Fund Management co-founder and CEO Paola Origel joins CoinDesk to discuss the upcoming spot ether ETF approval in the U.S., and the competition between issuers of the product. Plus, how Grayscale's higher fees could impact investor interests.
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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.
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0:49.6 | Every time that we see a big event, you know, for crypto, it gets reflected in the market because |
0:57.4 | we still, the markets are still following narrative and not only fundamentals. |
1:08.0 | Hello and welcome to today's episode of Markets Daily by CoinDness. It's Thursday, July 17th, and I'm your host, Helene Braun. |
1:16.6 | The market is looking relatively quiet this morning. Both Bitcoin and Ethereum are roughly flat. The CoinDest 20 index, which measures the performance of the 20 biggest asset is down by about 0.84%. |
1:29.6 | Yesterday, we received an update on the spot Ethereum ETFs. All issuers, but one, I believe, |
1:36.6 | pro shares, submitted their final filings as expected and are now ready to launch their funds |
1:41.4 | as soon as they received the greenlight from the SEC. |
1:49.5 | One detail that these final documents revealed was the management or sponsor fee that the issues would charge investors. |
1:51.1 | And to no surprise, although our newsroom was indeed a little surprised by the magnitude of it, |
1:56.1 | but Grayscale set its speed 10 times higher than its competitors. |
2:01.2 | They'll be charging investors 2.5% on their trades, while BlackRock Fidelity and Co are |
2:07.1 | somewhere between 0.25% and 0.19%. |
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