Unchained

Why Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs - Ep. 594

Jan 12, 2024
Nate Geraci, President of The ETF Store, Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, and James Seyffart, Research Analyst at Bloomberg Intelligence, dive into the exciting launch of spot Bitcoin ETFs. They discuss record trading volumes and the intriguing mechanics behind these funds. The trio analyzes why some brokerages are restricting access to ETFs and the marketing genius behind BlackRock's strategy. Plus, they share insights on the future of Ethereum spot ETFs and how trading dynamics could evolve in this new crypto landscape.
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ADVICE

Pricing and Market Dynamics

  • Market makers will ensure ETFs reflect underlying Bitcoin price, even with market closures.
  • Use limit orders when trading, especially for larger transactions, to avoid unfavorable pricing.
ADVICE

ETF Trading Tip

  • Use limit orders when trading ETFs, especially those with less liquidity.
  • Check the intraday Net Asset Value (NAV) to assess fair pricing.
INSIGHT

Suboptimal Bitcoin Access

  • Retail investors historically had suboptimal access to Bitcoin.
  • Grayscale Bitcoin Trust, futures-based ETFs, MicroStrategy, and Coinbase all presented issues.
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