19min chapter

Animal Spirits Podcast cover image

The Most Crowded Trade on Wall Street (EP.339)

Animal Spirits Podcast

CHAPTER

Treating People Fairly and Cash-Only ETFs

The speaker tells a personal story about intervening in a sports game and reflects on the importance of treating people fairly. They then discuss the cash-only aspect of ETFs for cryptocurrencies and explain the difference between cash-only and in-kind creations. They also mention the SEC's hesitancy to allow in-kind transfers for spot Bitcoin ETFs.

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