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Unchained
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection - Ep. 562
Oct 27, 2023
The podcast discusses the potential inflows to spot Bitcoin ETFs, projected to rise above $14 billion in the first year. It explores the significance of Bitcoin ETFs for retail and institutional investors, the comparison between Bitcoin and gold, and the potential impact on Bitcoin's price. The podcast also covers various cryptocurrency news and developments, including fundraising by militant groups, regulatory efforts, and updates from Coinbase.
42:12
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Quick takeaways
- The potential approval of spot bitcoin ETFs could lead to inflows of over $14 billion in the first year, providing financial advisors and wealth managers with a new way to offer clients exposure to digital assets.
- Bitcoin's price surge is connected to the growing optimism over the approval of spot Bitcoin ETFs, with analysts predicting an early approval as soon as January 2024.
Deep dives
Wall Street Journal Report Sparks Political Uproar Over Crypto Financing of Terrorism
A recent Wall Street Journal report claimed that Palestinian militant groups raised $130 million in cryptocurrency from attacks in Israel, leading to political reactions and demands for action against crypto financing of terrorism. However, it was later revealed that one of the groups, Hamas, had actually asked for donations to stop in the face of increasing prosecution and hostility. Efforts are underway to address these concerns, with the US lawmakers urging action to prevent crypto financing of terrorism and proposing regulations targeting crypto mixers. Additionally, Republican lawmakers have requested an investigation into finance and tether for their alleged role in terrorism financing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode