Bitcoin Is Actually, Finally About to Have an ETF

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 16 October 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by NYDIG. On today’s episode, NLW looks at the buzz and excitement around a bitcoin futures ETF. The historical moment could be an inflection point for new audiences to get into the asset class. At the same time, there are some who suggest that a bitcoin futures ETF won’t be all it’s cracked up to be. NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:16.2	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
0:22.6	What's going on, guys? It is Friday, October 15th, and if you have been alive and on Bitcoin
0:29.5	Twitter at all in the last 24 hours, you know exactly what we are talking about. We're discussing
0:36.7	whether Bitcoin is actually, finally,
0:39.7	about to have an ETF. So we are on the precipice of a monumental moment for Bitcoin.
0:46.4	Jill Gunter, who is formerly Jill Carson, congrats on getting hitched friend, tweeted,
0:50.7	is 2021 the year that all of the Bitcoin boy who cried wolf rumors actually come
0:55.6	true? China actually banned it. The ETF may actually get approved. Matt Hogan, the chief
1:03.1	investment officer at Bitwise, in an appearance on CoinDesk's first mover today, said that we've had
1:08.2	a series of zero to one moments for Bitcoin over the last year.
1:12.0	That was before and after Paul Tudor Jones in his great monetary inflation thesis.
1:16.8	Before and after Michael Saylor and MicroStrategy put Bitcoin on the balance sheet.
1:20.9	Before and after El Salvador made Bitcoin legal tender.
1:24.3	And now before and after the approval of a Bitcoin ETF, or at least a Bitcoin futures
1:30.7	ETF. Let's dig into what this actually means, why it matters, where there might be skepticism,
1:36.1	and everything else you need to know. First of all, WTF is an ETF. An ETF or exchange-traded
1:43.0	fund is a type of security that tracks other assets, but is
1:46.2	bought and sold on a stock market just like a stock. Basically, ETFs combine the simplicity of
1:51.5	buying and selling stocks with the ability to invest against any type of thesis or category.
1:56.4	SPY is the S&P 500 ETF, for example, that tracks the S&P 500 index, and thus is a super easy way to get
	...

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