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BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- The importance of secure and regulated custody solutions in the growing Bitcoin market
- The technological approach of Custodia Bank aims to offer a secure and efficient custody solution for bitcoin investors
Deep dives
The Impact of Institutional Custody on Bitcoin ETF News
The podcast episode discusses the importance of institutional custody in the context of the Bitcoin ETF news. It highlights the potential risk associated with the consolidation and custody of Bitcoin by a few custodians. The conversation emphasizes the concept of bailment, which refers to the temporary possession of assets without transferring legal ownership. The podcast also differentiates between trust companies and banks in terms of their bankruptcy treatment, highlighting the significance of being a bank for custody purposes. The discussion touches on the challenges faced by custodia, a state-chartered bank, in the process of gaining approval and its implications for the ETF market. Overall, the episode sheds light on the need for secure and regulated custody solutions in the growing Bitcoin market.
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