Empire
Bitcoin ETF: Everything You Need to Know | Leah Wald & Eric Balchunas
Nov 4, 2021
In this discussion, Eric Balchunas, Senior ETF analyst at Bloomberg, and Leah Wald, CEO of Valkyrie Funds, dive into the burgeoning world of Bitcoin ETFs. They explore how these funds can revolutionize institutional investments, highlighting their advantages like cost efficiency and liquidity. The duo navigates the regulatory maze of the SEC, sharing insights on the approval timeline for a spot Bitcoin ETF. They also discuss the competitive dynamics with traditional gold ETFs and the burgeoning role of platforms like Coinbase in enhancing accessibility.
53:27
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Quick takeaways
- The recent approval of Bitcoin futures ETFs reflects the growing demand for accessible crypto investment options among traditional investors and institutions.
- The evolution of ETFs serves as a parallel to cryptocurrencies, highlighting their potential legitimacy and acceptance in traditional financial markets over time.
Deep dives
The Demand for Bitcoin ETFs
There is a growing demand for Bitcoin ETFs as more investors, both young and old, seek opportunities to invest in cryptocurrency through traditional market vehicles. Financial advisors report that their clients are increasingly asking for crypto investments, with ETFs seen as a preferred option due to their ease of use and accessibility. This trend indicates that large pools of wealth, including pension funds and sovereign wealth funds, are looking for ways to participate in the crypto market without directly handling the assets. As a result, the acceptance and adoption of Bitcoin ETFs could reshape the investment landscape and broaden the accessibility of cryptocurrencies to a larger audience.
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