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The Breakdown, With NLW

Massive Trading Volume for ProShares Bitcoin Futures ETF as NYAG Targets Crypto Lenders

Could the Bitcoin ETF be headed for a record premier?

October 19, 2021
Listen on:
Alex Thorn
Head of Firmwide Research
Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat
Alex Thorn
Head of Firmwide Research
Galaxy
Consensus 2023 Logo
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat

This episode is sponsored by NYDIG.

Download this episode

On today’s episode, NLW catches up on a variety of topics from the past week, including:

  • How the first day of trading the ProShares $BITO bitcoin futures ETF is going (and why it could be headed for record breaking volume).
  • Grayscale formally starting the process to convert GBTC into a bitcoin spot ETF
  • The NYAG goes after Nexo and Celsius around crypto yield products
  • The Treasury trying to get crypto companies on board with a sanctions program
  • Facebook’s Novi launches with a non-diem stablecoin
  • Square looking to explore the bitcoin mining game
  • Guggenheim’s Scott Minerd leaves bitcoin

See also: Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Peter Finch/Stone/Getty Images, modified by CoinDesk.

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