Australia’s First Bitcoin ETF Listed, Cryptocurrency and Illicit Drug Trade, JPMorgan Questions Crypto Inflows

Australia's bourse lists the first Bitcoin ETF, expanding the global wave of cryptocurrency investments. Cryptocurrency deposits to Chinese drug producers' addresses double in early 2024 compared to 2023, raising concerns about illicit activities. JPMorgan casts doubt on the sustainability of strong cryptocurrency inflows, highlighting potential shifts in funds from digital wallets to ETFs. Stay updated on the latest developments in the crypto market with Simply Crypto.

Sources:
https://m.economictimes.com/markets/cryptocurrency/first-bitcoin-etf-to-list-on-australias-bourse-in-global-wave/amp_articleshow/111033595.cms
https://cryptopotato.com/crypto-deposits-to-chinese-drug-producers-addresses-double-in-early-2024-compared-to-2023/
https://www.koreatimes.co.kr/www/biz/2024/06/816_376711.html
https://seekingalpha.com/news/4116282-jpmorgan-casts-doubt-on-sustainability-of-strong-cryptocurrency-inflows

Outline:
(00:00:00) Introduction
(00:00:40) First Bitcoin ETF to list on Australia’s bourse in global wave
(00:02:50) Crypto Deposits to Chinese Drug Producers' Addresses Double in Early 2024 Compared to 2023
(00:06:18) Cryptocurrency exchanges to evaluate listed coins
(00:09:02) JPMorgan casts doubt on sustainability of strong cryptocurrency inflows