Stephan Livera Podcast

Direct Held Bitcoin ETF with in kind redemption with Jeff Yew, CEO, Monochrome SLP586

Jun 27, 2024

Jeff Yew, CEO of Monochrome, discusses the Direct Held Bitcoin ETF in Australia. Topics include fees, custody, in-kind redemption, institutional adoption, and Bitcoin in Australia. The conversation also touches on the influence of US Spot Bitcoin ETFs, different types of Australian Bitcoin ETFs, loan possibilities against Bitcoin ETFs, and comparisons between buying Bitcoin on exchanges versus Bitcoin ETFs.

55:58

Creator website

Episode guests

Jeff Yew

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Monochrome's directly held Bitcoin ETF simplifies Bitcoin investment in Australia for a wider audience.

Australian regulatory environment adapting to facilitate Monochrome's Bitcoin ETF under new licensing categories.

In-kind redemption feature in Monochrome's Bitcoin ETF offers strategic options beyond cash transactions for investors.

Deep dives

Australian Bitcoin Markets and Asset Management

Monochrome, led by CEO Jeff Yu, is pioneering the launch of an Australian Bitcoin ETF to facilitate regulated access to Bitcoin as an asset class, appealing to individuals looking for comfortable entry points into Bitcoin investments. With Monochrome focusing on directly holding Bitcoin within the ETF, unlike other structures in Australia, they offer a unique value proposition aiming to simplify and familiarize Bitcoin investment for a broader audience.

Intro

3min

Timeline and Regulatory Considerations of Bitcoin ETFs in Australia

11min

Exploring the Fee Structure of the Monochrome Bitcoin ETF

4min

Tax Implications and Market Considerations for Bitcoin ETFs

16min

Bitcoin Hardware Security Devices and Institutional Influence on Bitcoin Protocol

4min

Challenges and Risks in Bitcoin's Governance and Regulation

9min

Comparison of Australian and US Cryptocurrency Markets

9min

While many debate the pros and cons of Bitcoin ETFs, joining us for this episode is Jeff Yew, CEO of Monochrome, doing a directly held Bitcoin ETF in Australia. We chat about the fees, the custody, the ethos, being able to contribute bitcoin or redeem bitcoin, institutional adoption and Bitcoin in Australia.

Timestamps:

(00:00) - Intro

(00:53) - Monochrome’s role in bringing Bitcoin ETFs to Australia

(02:48) - Timeline of different Bitcoin ETFs in Australia

(03:58) - Influence of US Spot Bitcoin ETFs on the Australian Bitcoin ETFs

(06:15) - Different types of Australian Bitcoin ETFs and implications for investors

(13:32) - Fee structure of Monochrome (IBTC) Bitcoin ETF

(19:00) - In-kind vs. Cash-create

(24:55) - Loans against Bitcoin ETFs in the future?

(29:05) - Buying Bitcoin on an exchange vs buying Bitcoin ETFs

(31:48) - How does Monochrome store its Bitcoin?

(33:37) - Sponsors

(36:49) - Are institutions good for Bitcoin?

(43:07) - Safety in numbers

(46:53) - Bitcoin adoption in Australia compared to USA

Links:

Sponsors:

Swan.com (code LIVERA)
CoinKite.com (code LIVERA)
Mempool.space

Stephan Livera links:

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Stephan Livera Podcast

Direct Held Bitcoin ETF with in kind redemption with Jeff Yew, CEO, Monochrome SLP586

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Australian Bitcoin Markets and Asset Management

Regulatory Framework and Licensing Process

Structural Comparison of Bitcoin ETFs in Australia

Significance of In-Kind Subscription and Redemption

Custodian Partnership and Market Influence

Remember Everything You Learn from Podcasts