Bankless 202 - The Year of the Crypto ETF with Cathie Wood
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Dec 25, 2023 
Cathie Wood, CEO and CIO of ARK Invest and a prominent advocate for crypto adoption, teams up with Ophelia Snyder, Co-founder of 21Shares, to discuss the future of cryptocurrency ETFs. They dive into the potential approval of Bitcoin ETFs and what it means for traditional finance. The conversation highlights the evolving landscape of crypto regulation and the growing institutional interest in digital assets. Expect insights on the complexities of ETF integration and a hopeful outlook for Ethereum's prospects in 2024.
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Mom's Bitcoin Inquiry
- Ophelia Snyder's mom asked her about Bitcoin in 2014, intrigued by monetary policy and geopolitical stability.
- However, she couldn't buy any due to the complexities and lack of trusted platforms, highlighting the high barrier to entry.
ETFs Bridge the Gap
- ETFs bridge the gap between traditional finance and crypto, making crypto accessible within existing financial infrastructures.
- This is crucial for attracting institutional investors and those with fiduciary duties who cannot directly access crypto.
Hash War Woes
- During 21Shares' first product launch, the Bitcoin Cash hash war disrupted the entire chain, making asset transfer and pricing impossible.
- This incident highlights the unexpected challenges of integrating crypto with traditional financial systems.