THE HASH: Coinbase Launches Its Own NFT Marketplace, MakerDAO Inching Closer to Multi-Chain
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 April 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
"The Hash" discusses the prospect of the approval of a spot bitcoin ETF in the U.S. and the new feature added to MakerDAO that would address cost and congestion issues.
-
Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.
This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the hash podcast. |
| 0:09.3 | Stay informed with the latest on Bitcoin, |
| 0:11.8 | Heath, the Metaverse, Web3, and more with stories that matter to the crypto world, |
| 0:16.7 | all on the hash for your ears. |
| 0:19.5 | You're listening to the Coin Desk Podcast Network. |
| 0:25.1 | Hey there, and welcome to The Hash. |
| 0:26.9 | Coming to you live on Coin Desk TV. |
| 0:29.1 | Also, if you're listening on the Coin Desk Podcast Network, we are there as well. |
| 0:34.2 | Hi, I'm Zach Seward. |
| 0:35.2 | I'm joined by Jen Sanasi and George Kulutis today. |
| 0:38.2 | We have a couple things to get to, so let's do it. George, talk to us about a U.S. or a U.S. spot Bitcoin ETF. |
| 0:46.4 | Go. Awesome. It's been a while since I've been on the hash and I'm glad my reintroduction |
| 0:50.4 | allows me to live up to my fun guy reputation because my story today, like you hinted at, |
| 0:55.6 | is all about the long winding road that is the Bitcoin spot ETF and still trying to gain |
| 1:01.7 | approval in the United States by the SEC. Basically, ETFs trade just like stocks and a Bitcoin |
| 1:07.6 | ETF would hold Bitcoin and trade like a stock. You would think that those ETFs, you know, would hold the Bitcoin and then allow traders |
| 1:13.5 | to buy the ETF to get price exposure to Bitcoin, right? |
| 1:16.4 | Not exactly. |
| 1:17.2 | At least in the United States, instead, the U.S.-based Bitcoin ETFs are futures ETFs, |
| 1:22.3 | and they don't hold any Bitcoin. |
| 1:23.7 | Instead, they hold some weird derivative contracts that somehow make the ETF mimic the price of Bitcoin. |
| 1:29.1 | We totally have never seen this before, guys, and it totally didn't do bad things for the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.