Bitcoin ETFs Unlock a Wall of Money with Steven McClurg & Jeff Kilburg - WBD337
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 21 April 2021
⏱️ 67 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Tuesday 20th April Company: Valkyrie Role: CIO, Partner
Since the Winklevoss applied for the first Bitcoin ETF in 2013, many Bitcoin ETFs have been filed and rejected. Since then, the Bitcoin market has matured, and with every rejection, those applying for ETFs gain more clarity on how one could eventually be approved.
While there have been successful filings of ETFs in Canada and Brazil, these are smaller markets, and an ETF in the US would be a game-changer. With a growing number of applications piling up and more and more of the SEC's objections becoming resolved, it seems inevitable that a US ETF will be approved.
A Bitcoin ETF would unlock access and liquidity for a massive pool of individuals, pensions, and other institutions that are stuck waiting on the sidelines and offer an option to those who want to remain in the traditional financial rails but gain exposure to bitcoin.
The traditional investment world utilizes the security and established plumbing surrounding ETF vehicles to connect assets with IRAs, 401Ks, and even larger structures like endowment funds.
In this episode, I talk to Steven McClurg and Jeff Kilburg from Valkyrie. We discuss why Bitcoin ETFs are a game-changer, pent up institutional demand, and how soon they are coming.
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Transcript
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| 0:00.0 | Think of 10,000 people sitting outside the amusement park trying to get in. |
| 0:06.3 | That's the institutional investment community. |
| 0:09.1 | That's the next leg higher. |
| 0:10.4 | That's 100K Bitcoin. |
| 0:11.7 | Hello there from Bedford in the United Kingdom, the Bitcoin capital of Wall Street. |
| 0:17.0 | How the hell are you all? |
| 0:19.0 | There's been some dip this week, right? |
| 0:21.0 | I think some of us felt we were going to shoot straight up to 70 |
| 0:24.0 | can here we go a bunch of people have been liquidated billions of dollars have |
| 0:27.7 | been liquidated now you can't get liquidated if you're holding your |
| 0:31.2 | Bitcoin in cold storage how was it for you? Did you get liquidated? I hope not. |
| 0:36.0 | Also, I never normally do this, but I'm gonna because it was amazing and it's the orange pill podcast that I needed. I needed to be orange pill again and if you need |
| 0:44.8 | to orange pill some of your friends please do go and check out Breedlove on Lex Freeman's |
| 0:48.7 | podcast. I've listened once, I'm about to listen again, go and check it out. It is an absolute |
| 0:53.4 | four-hour monster. Anyway, welcome to the What Bitcoin did podcast which is |
| 0:58.2 | brought to you by Gemini the only place I'm using for buying Bitcoin. I'm |
| 1:02.1 | your host Peter McCormack and today I've got an |
| 1:04.2 | interview with Steve McClurg and Jeff Kilberg about Bitcoin ETS, but before we |
| 1:08.6 | get into that I do have a message from my amazing show sponsors and today we kick off with Sports Bet. I. |
| 1:15.0 | What a crazy week in sport right? The Euro Super League I can't believe any of those |
| 1:20.0 | idiots thought they would get away with it, especially Tottenham. |
| 1:22.8 | Haven't won the league since 1961 and think they deserve to be in the European Super League. |
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