WTF is a bitcoin ETF?

The Indicator from Planet Money

NPR

Business

4.7 • 9.5K Ratings

🗓️ 4 January 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, we find out what the buzz is around something called a "spot bitcoin exchange-traded fund." Despite a volatile year for cryptocurrency companies, U.S. federal regulators are expected to approve this new financial product. So WTF is a bitcoin ETF?

Related episodes:
The spectacle of Sam Bankman-Fried's trial (Apple / Spotify)
A former teen idol takes on crypto (Apple / Spotify)
The rise and fall of FTX
The aftermath of the cryptocurrency crash
The promise and peril of crypto for Black investors

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Transcript

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0:00.0	NPR Chiching! You're watching coin craze with me, Jim crypto. I'm ready to make
0:20.1	you money trading crypto currency. You know what I say? Whether markets are going to
0:24.0	the moon or crashing down there. There's always cash to be made on coins. Let's go to the
0:32.4	phones. First up we got
0:34.1	Brian from Maryland. Hey Jim Ch Ch Ch Ching!
0:37.3	Ching! My friend. What you got for me?
0:40.5	Well I've been eyeing this cryptocurrency called Bobbble coin.
0:43.8	It seems like it's really taken off lately.
0:45.7	I'm wondering if I should get in.
0:47.3	Oh, yeah, Bobbble coin is hot right now, my friend.
0:50.6	Some might say there's even a bubble happening in Bobble.
0:53.0	A Bobble?
0:54.0	A bubble? Sounds like trouble.
0:56.0	But I think this bubble has still got some air left in it.
0:59.0	That's a buy for me, Colin.
1:00.0	Bye!
1:01.0	Boy!
1:02.0	Boy! Boy! It's bro. Bye bye bye bye bye bye
1:05.0	but thanks Jim next caller Saline from Texas
1:08.2	hey Jim I've been building a position in Mambo Bucks.
1:12.6	What's your take?
1:13.6	I'm not much of a dancer, Selina.
	...

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