Cryptocurrency Exchanges and the Platforms as a Wild West

Garry gensler has a background in crypto currency. He taught classes on block chain technology at m i t. Gensler said that nacamoto was trying to create a private form of money with no central intermediary,. No central bank involved, no commercial banks.

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Why the new U.S.-based Bitcoin ETFs are a bad idea and will underperform Bitcoin.

Topics covered include:

What fund and ETF options are available for investing in Bitcoin
Why the U.S. has only authorized Bitcoin ETFs that invest in Bitcoin futures even though there are closed-end funds that hold Bitcoin directly
What is there a regulatory battle surrounding cryptocurrencies?
How closed-end funds differ from ETFs
How Bitcoin futures work
Why Bitcoin ETFs that invest in Bitcoin futures will lag the performance of owning Bitcoin directly
Why investors should avoid the new U.S. Bitcoin ETFs

Thanks to Policygenius and Justworks for sponsoring the episode.

For more information on this episode click here.

Show Notes

SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms by Katherine Greifeld, Vildana Hajric, and Benjamin Bain—Bloomberg

U.S. SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West' Katanga Johnson—Reuters

Bitcoin Strategy ETF—ProShares

Purpose Bitcoin ETF—Purpose Investments

Grayscale® Bitcoin Trust

Osprey Bitcoin Trust

Jacobi receives approval for "world’s first tier one" bitcoin ETF—Funds Europe

Remarks Before the Aspen Security Forum by Chair Gary Gensler—U.S. Securities and Exchange Commission

Coinbase abandons lending product after SEC pushback by Hannah Murphy and Stefania Palma—Financial Times