The Decline of the Cryptocurrency Sector

6min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

It's called the grayscale global bitcoin composite ETF, but they're using ticker btc. I don't know if they actually plan to launch this Um, but if they do um, it would be completely It just shows the ridiculousness of like the sec's current stance. There are going to be some people that go in this way and might go over to the bankless side of things Right? The dumbest answer is that it's just another way Uh, another market in way that people could buy.

Today we're joined by James Seyffart, a research analyst at Bloomberg who's the perfect person to answer our questions regarding the convergence of crypto and ETFs.

We dive into: - The probabilities of a Blackrock Bitcoin ETF and why - Important dates in which the SEC will need to give us answers - Neutrality, or lack thereof around the ETF approval process

------ 🚀 Join Ryan & David at Permissionless in September. Bankless Citizens get 30% off. 🚀 https://bankless.cc/GoToPermissionless

------

BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2

🦊METAMASK PORTFOLIO | TRACK & MANAGE YOUR WEB3 EVERYTHING

https://bankless.cc/MetaMask

⚖️ ARBITRUM | SCALING ETHEREUM

https://bankless.cc/Arbitrum

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

------ TIMESTAMPS

0:00 Intro 7:44 What is an ETF? 13:00 ETF History Lesson 17:40 ETF Market Size and Holders 22:46 Types of ETFs 27:02 Where Are These Assets Stores 34:04 Who Approves ETFs? 40:08 Neutrality Of Regulators 44:16 Types of Bitcoin ETFs 49:17 Reasons For Rejection 55:12 Does Gary Just Hate Crypto? 58:13 Does Blackrock Change Things? 1:04:46 Will Blackrock Get Approved? 1:15:20 Possible Approval Dates 1:19:09 Lack of ETFs to Blame For Crypto Fallout? 1:28:38 Why Should we Care? 1:34:14 Risks and Disclaimers

------ RESOURCES

James on Twitter: https://twitter.com/JSeyff

Trillions Podcast: https://www.bloomberg.com/podcasts/series/trillions

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: ⁠https://www.bankless.com/disclosures⁠