Bitcoin Hits 17-Month High Amid Spot Bitcoin ETF Hype; Sam Bankman-Fried's Defense Plans

ETF optimism reaches a fever pitch and a live look at the state of crypto regulation in Washington. Welcome to Coin Desk Daily. I'm your host, Jen Bitcoin briefly topped $35,000 on Monday a spot. Bitcoin ETF optimism is growing. Analysts are attributing the sudden jump to Black Rock listing its Bitcoin Exchange traded Fund on the depository Trust in clearing corporations database. However, its appearance on that page doesn't mean the ETF has been approved. The Cryptocurrency was back at levels last seen in May 2022 before the debacles with FTX and turned the mood so sour that Bitcoin approached $15,000 all but four of the 184 assets in the Coin desk market index also participated in the move higher. Meanwhile, Coin de TV is live in Washington DC at the state of crypto 2023. Earlier, I spoke with CFTC commissioner Summer Meer about the world's largest Cryptocurrency gaining 12% over the past 24 hours. Take a listen, I'm not surprised that this is, you know, causing a spike. I think uh there's a lot of interest in these products and you know, the market's ready um for these products to be available and there are new legal developments bubbling out of the same b been freed criminal trial. The FTX founders defense team has named Joseph P as their sole proposed expert witness in the case. According to a court filing ply will respond to testimony given by SB free former inner circle which includes Exel research, Ceo Caroline Ellison. That's A R for co daily, check out more updates on co de dot com and we'll see you next time.