Discussion about Spot Bitcoin ETFs and Decentralized ETFs
As expectations grow, one place Bitcoin exchange-traded fund (ETF) will be approved in the United States remains one of the hottest topics heading into 2024. In episode 38 of Cointelegraph's Hashing It Out, Elisha Owusu Akiau talks to Joel Cook. CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of spot Bitcoin (BTC) ETFs on the cryptocurrency industry, and the idea of decentralized ETFs.
Amid optimism that US regulators are set to greenlight multi-venue BTC ETFs, some projects are riding the wave of hype around investment products and looking to bring other ETFs onto the blockchain. Kuck explains why the industry is bullish about spot bitcoin ETFs and why the excitement surrounding them is growing.
He explains that direct exposure to Bitcoin will boost adoption for institutional investors and funds in the space ETFs, as some investors are reluctant to touch Bitcoin directly and take responsibility for self-protection of their assets.
According to Kuck, ETFs are a valuable wealth management and investment tool for those in emerging markets. This explains the background to the creation of decentralized ETFs. This new ETF classification intends to move traditional ETFs to the blockchain, providing exposure to users who may not have access due to their power or other barriers.
In the year At the end of 2023, Hashing It Out guests will be asked to share their thoughts on the future of crypto and give their predictions for 2024. Kuck says that we will see a Bitcoin ETF in the near future and several similar products in the future. five years. Moreover, he expects the rise of tokenization of real-world assets and the opening of blockchain-powered fractional ownership of assets such as real estate.
Listen to the full episode of Hashing It Out on Apple Podcasts, Spotify or TuneIn. You can also browse Cointelegraph's full list of informative podcasts on the Cointelegraph Podcasts page.
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