Bitcoin ETFs Trade $111 Billion and Assessing the Launch Timeline for an Ether ETF | Markets Daily

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On "Markets Daily," CIO of Bitwise, Matt Hougan, joins "Markets Daily" with insights on the recent trends in crypto assets, focusing on bitcoin and ether, and how ETFs have influenced their trading volumes. It credits the success of bitcoin ETFs to making bitcoin more accessible to a broader investor base. Hougan also explores Bitcoin's volatility and its potential to reach new highs, while addressing the outflows from Grayscale's GBTC and the chance for reduced fees. Additionally, the impact of Fed Chair Jerome Powell's upcoming speech is considered less significant than the effects of ETF inflows and the Bitcoin halving event on bitcoin's price. 00:00 Market Overview and Introduction 01:05 Bitcoin ETFs and Trading Volumes 05:01 Outflows from GBTC and Due Diligence 06:18 Timing the Introduction of an Ethereum ETF 08:00 Strengthening the Case for an ETH ETF 09:54 Allowing Time for Market Digestion 11:30 Expectations for Powell's Speech and Market Impact #cryptocurrency #digitalfinance #finance #bitcoin #crypto #federalreserve #markets #cryptomarkets #btc #eth #ether #marketsdaily #podcast #coindes Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk/ Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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