Bitcoin Spot ETF Approval Incoming?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 13 October 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today on The Breakdown, NLW catches up on everything that's NOT the SBF Trial, including promising news on the Bitcoin Spot ETF front, JPMorgan Onyx, and more. Today's Sponsor: Kraken Kraken Pro is the one-stop destination for pro traders - https://k.xyz/TheBreakdownPod Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Friday, October 13th. Ooh, spooky. And today, we are catching up on everything that was not the SBF trial. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation. Come join us on the Breakers Discord. You can find a link in the show notes or go
0:38.0	to bit.ly slash breakdown pod. Hello friends, happy Friday. It has been another wild week in
0:45.6	crypto, although frankly the SPF trial has been really overshadowing everything. And so what we're
0:50.4	going to do today is go briefly through a set of different stories that got
0:54.3	a little bit lost in the news, but which I think are significant in terms of where things
0:58.1	are headed.
0:59.4	First up, we move over to the ETF world, where ARC and 21 shares have amended their spot
1:04.2	Bitcoin ETF filing seemingly in response to concerns raised by the SEC.
1:09.2	The S1 filing now includes sections addressing risk factors
1:12.1	including segregation of assets in custody, illicit transactions on the Bitcoin network,
1:16.9	and environmental concerns. SEC filings are required to include a comprehensive list of potential
1:21.8	risk factors that could impact the price of a security being offered. Now, Bloomberg analysts
1:26.3	viewed the amended filing as a likely
1:28.2	indicator that the SEC had provided constructive feedback for, like, the first time ever,
1:33.1	on the ETF application in an attempt to move towards approval. Bloomberg ETF analyst
1:37.9	James Safart says, this all signals to us that ARC and 21 shares and likely others are talking
1:43.1	with the SEC about things that they
1:44.6	want cleared up in these documents. Good sign for future approval, in my opinion. Finance lawyer
1:50.0	at Davis Polk, Scott Johnson said, just skimmed change pages on this. If these are actually
1:54.7	responsive to SEC comments, it doesn't look like the agency is putting up any unnecessary
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.