January 23, 2024

Everything you Need to Know About Spot Bitcoin ETFs

30 minutes

Hooray !! Spot Bitcoin ETFs are finally approved by the Securities Exchange Commission (SEC) in what is being called a watershed moment for crypto. Now what happens?

In this episode, Ian Andrews (CMO, Chainalysis) sits down with Jeffrey Billingham (Strategic Initiatives, Chainalysis) who has been watching the Bitcoin ETF situation unfold since the Winklevoss twins first filed for a bitcoin (BTC) exchange-traded fund (ETF) in July 2013.

Jeff and Ian delve into the significance of these ETFs, explaining how they simplify access to bitcoin as an asset class and eliminate the technological hurdles of owning and transacting with cryptocurrency.

Jeff also explores the difference between spot and futures ETFs, the role of custodians and authorized participants, and the impact of surveillance-sharing agreements on market manipulation concerns.

They cover the immediate impact of these ETFs on the trading volume of Bitcoin and hypothesize on the future of ETFs and the potential for asset tokenization.

Minute-by-minute episode breakdown

(2:13) - Overview of the launch of Bitcoin ETFs and significant trade volume

(4:43) - Explanation of what an ETF is and its significance of it being a Spot Bitcoin ETF

(9:20) - Understanding ETF stakeholders like authorized participants, sponsors and custodians

(11:40) - Impact of cash model for ETF transactions and hope for future in-kind transactions

(15:24) - Regulatory concerns about market manipulation and fraud

(18:23) - Surveillance-sharing agreements and increased transparency to secure SEC approvals

(20:51) - Maturation of crypto as an asset class and its implications on original Bitcoin ethos

(24:05) - Potential influence of ETFs on real-world asset tokenization

(26:18) - Expectations for the future of ETFs

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Website: Chainalysis: Paving the way for a global economy built on blockchains

Article: CNBC: Bitcoin ETFs have a key difference from their stock fund counterparts

Article: Blockworks: How ‘surveillance-sharing’ is designed to deter bitcoin ETF manipulation

Blog: CSAM and Cryptocurrency: On-chain Analysis Suggests CSAM Vendors May Benefit from Privacy Coins like Monero and Other Obfuscation Measures

Announcement: SEC's official X/Twitter account compromised

Conference: Chainalysis Links NYC 2024 Conference (Early Bird Pricing Expires Soon)

Blog - 2024 Crypto Crime Trends: Illicit Activity Down as Scamming and Stolen Funds Fall, But Ransomware and Darknet Markets See Growth

YouTube: Chainalysis YouTube page

Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain

Telegram: Chainalysis on Telegram

Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)

Jeffrey Billingham (Strategic Initiatives, Chainalysis)

This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

...more

View all episodes

By Chainalysis

4.7