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Simply Bitcoin
The Paper Bitcoin ATTACK JUST Ended? (PUMP Incoming!)| EP 1174
Feb 3, 2025
The hosts delve into significant developments with Bitcoin ETFs, especially BlackRock's influence and custody transparency. They highlight Bitcoin's resurgence as it dominates the crypto market, positioning it as a stable investment against inflation. The discussion contrasts Bitcoin's advantages over gold, emphasizing faster transactions and growing appeal among younger investors. Additionally, they tackle the issue of property rights and the empowerment Bitcoin offers individuals against government control over finances. Engaging polls and community events round out the conversation.
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Quick takeaways
- BlackRock's proposed changes to Bitcoin ETF's in-kind redemptions could enhance market transparency and trust in Bitcoin custody.
- Concerns about Coinbase's custodial role for BlackRock highlight the need for transparency and verification in institutional Bitcoin products.
Deep dives
BlackRock's Bitcoin ETF Developments
BlackRock's potential changes to their Bitcoin ETF, specifically regarding in-kind redemptions, could significantly impact the market. The proposal allows authorized participants to create and redeem ETF shares using either cash or Bitcoin, enhancing transparency regarding Bitcoin custody. This move addresses concerns about BlackRock potentially manipulating the market with paper Bitcoin—a worry that has lingered among Bitcoin enthusiasts. Following the repeal of SAB-121, which enables banks to custody Bitcoin, this adjustment seems to align with Bitcoin's core principles and incentives.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode