meta_pixel
Tapesearch Logo
Log in
CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | Why Kevin O'Leary Says Spot Bitcoin ETFs Are 'Practically Useless' For Institutional Investors

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 11 January 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie and guest Kevin O'Leary. To get the show every day, follow the podcast here. Today on "Markets Daily," host Jennifer Sanasie speaks with Kevin O'Leary, O'Leary Ventures chairman, about why he thinks spot bitcoin ETFs are "practically useless" for institutional investors. But, he does see the approvals as a milestone for other reasons – tune in to hear O'Leary's full take on how the digital asset industry will evolve with the inclusion of U.S. spot bitcoin ETFs. This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. 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

Click on a timestamp to play from that location

0:00.0

Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch

0:05.8

of a button.

0:07.0

Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths

0:11.8

solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville.

0:17.1

Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural

0:22.6

chills to far-off romances, every story comes alive through world-class narration.

0:28.5

Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers

0:34.4

that transport you from the very first word, because the next great

0:38.2

adventure is just a listener way. Start your free 30-day trial at audible.com slash

0:43.9

Wondery, UK. That's audible.com slash Wondery UK.

1:00.0

It's Thursday, January 11th, 2024, and this is Markets Daily from CoinDesk.

1:04.0

I'm your host, Jen Sanassi, and let's dive into those prices this morning.

1:14.9

The moment traders have been waiting for has finally arrived at the U.S. Securities and Exchange Commission,

1:21.4

approved spot Bitcoin ETFs yesterday, a landmark decision that could dramatically broaden the investor base for Bitcoin.

1:31.1

According to CoinDesk indices at 8 a.m. Eastern time, Bitcoin was trading up 6% over the past 24 hours at $47,428.

1:38.2

Ether is up a blistering 12% over the same time period, trading at $2,648.

1:45.0

The spot Bitcoin ETF's approval sparked optimism among ether traders who are hoping for a spot ether product as well.

1:50.3

Ethereum layer two tokens are rallying on the same optimism with traders hoping to see a boost in the overall ecosystem. Today's mover in the CoinDesk Market Index is Ethereum name

1:55.5

service, ticker ENS, up a massive 60% on the day. In traditional markets, U.S. stocks closed higher yesterday with the NASDAQ up 0.75%, and S&P 500

2:06.3

at 0.57%.

2:08.2

And in commodities, the Brent Crude benchmark is trading at $78.19 a barrel.

2:14.3

Meanwhile, gold rose on the day at $2,033 an ounce. For more on the market's action,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.