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Bankless

ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

Jun 7, 2024
01:12:51
Snipd AI
Discussion on Bitcoin and Ethereum ETF inflows surging, market manipulation controversy, and sponsors like Kraken. Insights on Starkware's expansion to Bitcoin, Vitalik's comments on meme coins, and Robinhood's acquisition of Bitstamp. Delving into decentralization with ZK layer 2s in Bitcoin, Crypto Punks pricing updates, and BlackRock's plan for a rival stock exchange with potential Ethereum integration.
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Podcast summary created with Snipd AI

Quick takeaways

  • BlackRock's iBit Bitcoin ETF reached $20 billion in AUM, setting a record pace for ETF growth.
  • Ethereum ETF anticipation rises; BlackRock seeded it with $10 million, sparking a fee competition.

Deep dives

Bitcoin ETF Inflows Surge

Bitcoin ETF inflows saw a significant surge, with nearly $900 million inflows reported in a single day. This increase in demand was a key factor driving Bitcoin's price to nearly $72,000. Notably, the BlackRock Bitcoin ETF (iBit) became the fastest ETF ever to reach $20 billion in assets under management (AUM), outpacing other traditional ETFs in history.

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