It's Thursday, January 18th, 2024, and this is Markets Daily from Coin Desk.

I'm your host, Jen Sanassi. Let's dive in to those prices.

According to Coin desk indices at 8 a.m. Eastern Time, Bitcoin was trading down 0.83% over the past 24 hours at $42,376.

And in an ETF update, BlackRock's Bitcoin ETF has become the first spot Bitcoin ETF in the U.S. to reach the milestone of $1 billion

in assets under management. Either fell 1.5% over the same time period, trading at $2,509.

Today's mover in the Coin Desk Market Index is LCX, up 12% on the day. In traditional markets, both the NASDAQ and the

SMP 500 fell around half a percent yesterday. Lastly, in commodities, the Brent crude benchmark

was trading at $77 and 95 cents a barrel. Meanwhile, gold prices have been retreating, hitting a

one month low yesterday. However, early

trading this morning shows a slight uptrend in safe haven demand. As of 8 a.m. Eastern time,

gold was trading at $2,015 an ounce. For more on markets action, let's bring in Andy Bear,

managing director at Coin Desk Indices.

Let's talk about that ETF news.

I just mentioned BlackRock has a billion dollars, assets under management.

It is exactly one week to the day that we got our first ETF in the United States.

Talk to us about what you've been watching over the last week. It was a great experience last week. We kind of all gathered around our screens and watched what we thought of

as the season finale of Crypto Winter, right? And as a season finale, it delivered. It had the

intrigue of the 11th hour intrigue of the hacked SECX.com account. It had the dueling

statements by Chair Gensler and by Commissioner Perce. The trading was excited but orderly on the day

of the launches, considering how many new products were coming to market and how many incumbent products

were coming, and how that a lot of the ETF participants, the APs and other market makers

and basis traders and futures traders kind of had to do a big production number.

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