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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | Bitcoin ETFs Are Not the 'Dominant Narrative' Driving BTC's 2024 Rally: VanEck CEO

Apr 9, 2024
VanEck CEO Jan van Eck discusses bitcoin's 2024 rally and success of spot BTC ETFs in the U.S. He shares insights on SEC's unlikeliness to approve spot Ether ETFs in May and competition in the stablecoin market. The podcast also covers decreasing transaction costs on Solana, differences in crypto regulation between Europe and the U.S., challenges of Bitcoin ETF approval, Bitcoin trading volume surge, skepticism towards Ether ETF approval, and the launch of a stablecoin 'Agora'.
15:52

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Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin ETFs attracting retail investors but facing institutional hurdles in the US due to regulations.
  • Shift in attention towards Solana and layer two solutions for affordable and scalable transactions, potentially transforming the crypto landscape.

Deep dives

Growth of Crypto ETFs and Market Trends

Crypto ETFs, particularly Bitcoin ETFs, have seen significant approval and interest in various regions like Canada, Europe, and Brazil, with a growing inflow of retail investors. However, institutional interest remains limited due to regulatory constraints and the nature of financial advice models in the US. Market indicators suggest potential for continued growth in Bitcoin prices due to macro factors like US interest rates and Bitcoin's internal dynamics.

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