Episode Details

09th Nov: Crypto & Coffee at 8
🔥SEC’s first window for Bitcoin ETFs ❗Ordinals flipped Ethereum NFTs 🚨HSBC: tokenized securities 🔴 “Dr. Doom” new token

🚨 Bloomberg ETF analysts James Seyffart, CFA, CAIA and Eric Balchunas mentioned via X (Twitter). In the United States, the U.S. Securities and Exchange Commission has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments’s conversion of its GBTC trust product in the days leading up to Nov. 17, but stressed this was only possible.
🔴 “Delay orders were issued by the SEC for BlackRock, Bitwise Inc, VanEck, WisdomTree Asset Management, Invesco US, Fidelity Investments & Valkyrie Trading at the same time,” Seyffart wrote in a Nov. 8 post on X . Info here https://lnkd.in/dee7HBHq Important to note they still believe that there is a 90% chance that any of these funds get approved by January 10 next year.

Please let me know what your thoughts are.
- SEC will approve Bitcoin spot ETF
- Delay the decision
- The decision gets Postponed to 2025

🔹 Ordinals > Ethereum NFT’s
🔥 Bitcoin NFT sales surpassed Ethereum NFT sales for the first time on November 8, 2023, marking a historic shift in the NFT market. According to cryptoslam.io, Bitcoin-based NFT transactions totalled $17.17 million, while Ethereum NFT sales totalled $15.77 million over the 24-hour period.
This event is significant because Ethereum has long been the dominant blockchain for NFTs. However, Bitcoin’s growing popularity in the NFT space suggests that the market is maturing and becoming more diverse. More info via Bitcoin.com here https://lnkd.in/dK8_pxi9

🔴 HSBC
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain. They are the latest institution to embrace digital asset custody after U.S. banking giant BNY Mellon announced a similar move in 2021. HSBC is “seeing increasing demand for custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve.” More info via CNBC here https://lnkd.in/dv5gqKXU
HSBC is using technology from Swiss crypto custody firm Metaco, which was recently acquire