BlackRock Launches Bitcoin ETF: Unlocking $19 Trillion of Investment Money?
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 22 January 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Patrick Bet-David highlights a pivotal development in the cryptocurrency world: the SEC's official approval of 11 applications for Bitcoin ETFs. This decision marks a significant turning point for Bitcoin, potentially catalyzing its growth and integration into mainstream financial markets. Beginning with highlighting the big players in the finance sector, including BlackRock, Fidelity Investments, Ark Investments, Invesco, Wisdom Tree, Bitwise Asset Management, Valkyrie, and Grayscale, who have submitted applications for Bitcoin ETFs. This move signals a growing acceptance and interest in cryptocurrency from major institutional investors. Connect one-on-one with the right expert to get the answers you need with Minnect: https://bit.ly/3MC9IXE Purchase Patrick's new book "Choose Your Enemies Wisely": https://bit.ly/41bTtGD Register to win a Valuetainment Boss Set (valued at over $350): https://bit.ly/41PrSLW Get a free "Future Looks Bright" Hat & T-Shirt: Purchase two "Future Looks Bright" Hats and one "Future Looks Bright" T-Shirt & use the promo code "pbdpodcast2024" at checkout! Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! SUBSCRIBE TO: @VALUETAINMENT @PBDPodcast @ValuetainmentShortClips @vtsoscast @ValuetainmentComedy @bizdocpodcast @BrandonAceto @kvoncomedy @valuetainmentsports7531 @valuetainmentsports7531 Want to be clear on your next 5 business moves? https://bit.ly/3Qzrj3m Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Transcript
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| 0:00.0 | Big News. SEC officially approved 11 applications for Bitcoin EDFs and this is a big deal because some people are saying |
| 0:07.3 | wait a minute doesn't this make this official? Kathy Wood came out saying I think |
| 0:11.3 | Bitcoin is about to go to a million and a half. She's saying |
| 0:14.7 | it made 30 x what it is today. Many people are losing their minds. Black Rock, Fidelity |
| 0:20.4 | investments, Arc Investments, InvestCo, Wisdom Tree, Bitwise Asset Management, |
| 0:25.6 | Valkyrie, Grayscale, are some of the applications |
| 0:28.6 | that are being submitted. |
| 0:29.5 | Now, SEC Chair Gary Gensler comes out, |
| 0:32.0 | and by the way, Gary Gensler is comes out, and by the way, Gary Gensler's love him. They always |
| 0:37.0 | send him nice love letters, but he comes out and says, the following one. He says, |
| 0:40.8 | accompanying the agency's approval of Bitcoin EDFs warned that the |
| 0:44.7 | funds approval shouldn't be taken as an indication the agency is backing off |
| 0:48.8 | crypto enforcement. Here's this quote. Today's action does not approve or endorse crypto trading platforms or intermediaries |
| 0:55.9 | which for the most part are non-compliant with the federal securities law and often have conflict of interest. |
| 1:03.0 | So some may say, well, isn't this kind of like if E.T. |
| 1:05.6 | If E.F. approves that these 11 applications, isn't this like one step closer for |
| 1:08.8 | regulation? |
| 1:09.8 | Like that's exactly what Gary wants. |
| 1:11.5 | No? Isn't he trying to find that exactly what's going on with the money there? |
| 1:14.3 | Possibly we can talk about that as well. But here's the key. The reason why this is important when you look at all the asset classes of different generations |
| 1:21.1 | this is what you'll find. There's roughly $156 trillion in US assets, |
| 1:26.0 | and you can see the dark green to the left is boomers. |
... |
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