In this chapter, they discuss the cautious approach that institutions are taking towards the crypto space due to concerns raised by Gary Gensler. They mention a recent denigrating statement by Gensler and suggest that institutions will proceed with caution and conduct thorough due diligence. However, they highlight that there is a significant curiosity among investors, as evidenced by the marketing campaign using the tagline 'aren't you a bit curious?' They also mention that existing clients are familiar with Bitcoin, but there is a growing hunger for knowledge among new investors. They discuss the various research materials, brainstorm sessions, and blogs that they provide to cater to this curiosity. Furthermore, they mention that the curiosity extends even to state pension funds and state treasures.
Ark Invest CEO and CIO Cathie Wood discusses US regulators for the first time approving exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. Ophelia Snyder, President at 21 Shares also joins the conversation. Michael Shvo, Founder and CEO of SHVO, talks about his efforts to revive San Francisco real estate. And we Drive to the Close with Alison Shimada, Head of the Total Emerging Markets team at Allspring Global Investment.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.