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FedWatch 150 - Front Running Wall Street

Bitcoin Magazine Podcast

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The Importance of Redeemability in ETFs

The SEC backed off some of the big players like Black Rock in the past few years, trusting them on the redeemability thing and just giving them a license to create ETFs. So what I see here is exactly what everyone would imagine is the most important thing. It's all about whether or not they actually are able to control the Bitcoin they're buying on behalf ofETF,. Whether they are transacting in the underlying way that backs up what they're actually selling to the market. And these actual UTXOs are finding their way to Black Rock. That's what I hear.

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