Recently, we have a few asset managers, including some of the largest in the world like Blackrock apply to create Bitcoin spot ETFs in the United States. This sparked a lot of speculation about whether this could herald institutional adoption of crypto and kickstart a bull market.
Today, we have Ram Ahluwalia, CEO of Lumida and previous Head of Crypto & Digital Assets at Cross River, a crypto-friendly bank to share with us:
Host: Jason Choi @mrjasonchoi . Not financial advice.
Timestamps:
(00:00:00) – Introduction to BTC ETFs
(00:03:10) – Importance of Spot BTC ETF
(00:06:52) – SEC's reason for rejecting BTC ETFs
(00:13:57) – SEC's stance on Crypto
(00:17:30) – Why BlackRock is applying for BTC ETF now
(00:21:38) – Larry Fink's agenda
(00:28:38) – Need for clearer guidance
(00:32:44) – Likelihood of ETF approval
(00:35:11) – Past applications vs Now
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More Resources:
Guest
Ram Ahluwalia's Twitter: https://twitter.com/ramahluwalia
Blockcrunch
Blockcrunch VIP: https://blockcrunch.substack.com/
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi's Twitter: https://twitter.com/mrjasonchoi
Disclaimer:
The Blockcrunch Podcast ("Blockcrunch") is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch's guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch's podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.
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