Discussion on Outflows from Grayscale and the Dilemma of High Fees

In today's episode Jason is joined by ETF celebrities Eric Balchunas, a senior ETF analyst at Bloomberg, and Matt Hougan, Chief Investment Officer for Bitwise Asset Management. They start off by discussing the criticisms around underwhelming trading volumes and put the declines in GBTC into context. Discussion then leads to an inside scoop on how authorized participants source liquidity for the ETF and the real costs involved in running these funds. They also dive into how advisors are rethinking portfolio construction given crypto’s changing risk profile and the potential impacts on Bitcoin price. To close out they discuss the potential timing of an Ethereum ETF approval. Enjoy!

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Timestamps:

(01:46) The ETF Guys & Free Milkshakes

(04:05) BTC ETF Underwhelming?

(12:13) The ETF Launch Process

(18:49) Costs of an ETF Service

(22:10) What does Buying an ETF Mean?

(30:31) Wormhole Ad

(31:57) Paypal Ad

(32:55) Impact of ETF Flows on Bitcoin Price

(36:56) Role of Bitcoin in Portfolios

(47:15) Eth ETF Predictions

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.