Money Stuff: The Podcast Fun Shiny Object: FTX, Public, ETFs
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May 10, 2024 Dive into the intriguing aftermath of the FTX bankruptcy, where recovery rates vary dramatically and emotional reactions from creditors unfold. Explore the complexities of private versus public markets, the seductive allure of private shares, and the rise of single-stock ETFs. The lively banter also includes whimsical discussions about the physics of pudding pools, blending humor with finance. From cryptocurrency challenges to the evolving dynamics of investment, this episode is a fascinating mix of serious insights and playful theories.
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FTX Claim Trading
- Claims trading offered lucrative opportunities, going from $0.03 to over $1.
- Some capitalized on this by buying claims low and selling high.
FTX Customer Payouts
- Most FTX customers will receive over 100% of their USD or stablecoin deposits back.
- Bitcoin holders will only get a fraction due to valuation at bankruptcy date.
FTX's Unexpected Funds
- FTX found billions of dollars in assets, exceeding expectations.
- This is surprising given the initial assessment of their financial situation.