Thu. 01/11 – Bitcoin ETFs, For Real This Time

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 11 January 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Bitcoin ETFs are here. For real, this time. OpenAI’s GPT store is here. Surprising new layoffs at Google. Netflix continues to show signs that ads are working for them. The Rabbit R1 continues to be a shocking success. And say hello to an AI George Carlin. Sponsors: Miro.com/podcast Links: US SEC approves bitcoin ETFs in watershed for crypto market (Reuters) Gary Gensler's Begrudging Bitcoin ETF Concession: 'We Did Not Approve or Endorse Bitcoin' (CoinDesk) Google lays off hundreds working on its voice-activated assistant (Semafor) Google reorganizing Pixel hardware: Fitbit’s James Park leaving, layoffs hit AR team (9to5Google) Google Cuts Hundreds of Jobs in Engineering and Other Divisions (NYTimes) OpenAI Launches New Store For Users to Share Custom Chatbots (Bloomberg) Netflix’s Ad Tier Now Has More Than 23 Million Monthly Active Users, Advertising Chief Says (Variety) X removes support for NFT profile pictures (TechCrunch) AI-Generated ‘George Carlin’ Comedy Special Blasted by Comedian’s Daughter (RollingStone) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Thursday, January 11th, 2024. I'm Brian McCullough today.
0:09.2	The Bitcoin EDFs are here for real this time.
0:12.7	Open AI's GPT store is here, finally.
0:16.0	Surprising new layoffs at Google.
0:18.1	Netflix continues to show signs that ads are really working out for them.
0:21.6	The Rabbit R1 continues to be a shocking success and say
0:24.4	hello to an AI George Carlin. Here's what you miss today in the world of Tech. It finally happened. The US SEC has approved 11 spot Bitcoin EDFs from Black Rock,
0:39.7	Greyscale, Arc, 21 shares, Bitwise, wisdom tree, fidelity, Van Ek, and Vesco,
0:45.1	Vaukary, hash decks, and Franklin, quoting Reuters. Most of the products are
0:50.5	expected to begin trading today, Thursday,
0:53.1	issuer said, kicking off a fierce competition for market share.
0:56.7	A decade in the making, the EDFs are a game changer for
0:59.3	Bitcoin, offering investors exposure to the world's largest
1:01.6	cryptocurrency without directly holding it.
1:04.0	They provide a major boost for a crypto industry beset by scandals.
1:07.6	It's a huge positive for the institutionalization of Bitcoin as an asset class,
1:12.2	said Andrew Bond, managing director and senior
1:14.7	FinTech analysts at Rosenblatt Securities. Standard chartered analysts this
1:19.1	week said the ETS could draw 50 to 100 billion dollars this year alone.
1:24.0	Other analysts have said inflows will be closer to 55 billion dollars over five years.
1:28.4	The market capitalization of Bitcoin stood at more than 913 billion dollars as of Wednesday
1:34.1	according to coin gecko. As of December 2022 total net assets of US
	...

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