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

Could the Bitcoin ETF be headed for a record premier?

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ABOUT

This episode is sponsored by NYDIG.

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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

“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.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.