How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection - Ep. 562

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 27 October 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a recent report, Alex Thorn, head of research at Galaxy, predicted that inflows to spot bitcoin ETFs would rise above $14 billion in the first year following the potential approval by the Securities and Exchange Commission of multiple applications the agency is considering. Thorn called the availability of this product significant because it will give financial advisors and wealth managers accessibility to digital assets in a way that will be acceptable to clients seeking exposure to crypto. He also believes approval of a spot BTC ETF could occur this year before the holidays, and draws comparisons between bitcoin and gold as investment products. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: why Alex believes this is a significant moment for Bitcoin how, in Bitcoin, retail had access to this asset before institutions why Alex expects the spot Bitcoin ETF approved this year what the capital inflows Galaxy expects to be in the first years and how they arrived at those numbers whether the addressable market will increase significantly for Bitcoin what will be the average percentage of assets adding BTC exposure why Alex compares Bitcoin to gold, and what he learned after comparing both types of assets how much the price of Bitcoin will increase after the first year of the ETF approval, according to Galaxy's report how the several spot Bitcoin ETFs will be differentiated Thank you to our sponsors! Crypto.com Arbitrum Foundation Popcorn Network Guest Alex Thorn, head of firmwide research at Galaxy Links Previous coverage of Unchained on spot Bitcoin ETFs: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF The Chopping Block: Are We Back? The 'Low IQ' Response to the Potential Spot Bitcoin ETF Unchained: Bitcoin Soars Past $35,000 Amid Spot ETF Optimism Bitcoin ETFs Explained: What Are They & How Do They Work? CoinDesk: BlackRock Bitcoin ETF in August Got on DTCC Site That Just Belatedly Moved Markets 12 spot bitcoin ETFs in consideration by the SEC Galaxy: Sizing the Market for a Bitcoin ETF Alex’s thread drawing out highlights from the report Alex’s thread on the potential for a “gamma squeeze” CoinShares Digital Asset Funds Flow Weekly Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I mean, this is gonna be, I know it seems crazy to us,
0:02.9	but this is gonna be a lot of people's first introduction
0:05.4	to Bitcoin, truly.
0:07.1	Tons of financial advisors, they haven't looked at it, right?
0:10.6	Once it's safely and cheaply available
0:13.1	and it's right in the same menu
0:14.8	that they do all of their other client investing,
0:17.0	like they're, we believe they're going to have to consider it.
0:21.0	Hi everyone, welcome to Unchained, your no-hype resource
0:28.0	for all things crypto.
0:29.3	I'm your host, Laura Shin, other of the cryptopians.
0:32.7	I started covering crypto eight years ago
0:34.6	and as a senior editor of Forbes,
0:36.1	was the first mainstream media reporter
0:37.7	to cover cryptocurrency full-time.
0:39.5	This is the October 27th, 2023 episode of Unchained.
0:43.3	Vault Craft by Popcorn is your no-code DeFi toolkit
0:46.7	for building automated non-custodial yield strategies.
0:50.0	Learn more on VaultCraft.io
0:52.2	about how you can supercharge your crypto portfolio.
0:55.2	Arbitram's leading layer to scaling solution
0:57.6	offers you ultra-cheap and lightning fast transactions,
	...

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