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Financial Institutions and Crypto Participation
The chapter discusses the unexpected involvement of financial institutions like JP Morgan and Goldman Sachs in the cryptocurrency ecosystem. They speculate on the reasons behind their participation and the potential influence on other Wall Street banks. The speakers also touch on the possibility of Bitcoin ETF approval and the impact on the market.
It’s set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it’s not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely schedule, and whether all the applications are likely be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be.
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