Month: November 2023

Agreement reached to free dozens of Gaza hostages, including some Americans. Thanksgiving travel rush. 60th anniversary of JFK's assassination. CBS News Correspondent Peter King has today's World News Roundup.

To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy

Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Financial advisors in the US control $8 trillion in assets. Here’s why 77% are waiting for spot Bitcoin ETFs.

According to surveys of financial advisors, only 12% are currently recommending that clients invest in Bitcoin, while 47% of advisors personally own Bitcoin and a whopping 77% say they are waiting for a spot Bitcoin ETF to become available so they can offer it to their clients. 

On this episode of Unchained, Ric Edelman, founder of the Digital Assets Council of Financial Professionals and author of “The Truth About Crypto,” explains how this should all lead to high demand once the first spot Bitcoin ETFs become available, although it will take some time for them to allocate. Edelman also discusses how FTX’s implosion impacted advisor perceptions of crypto, why investors have not been that excited by crypto futures ETFs, and which Bitcoin ETF issuers he believes are likely to be the big winners.

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 | 

• How regulatory confusion keeps financial advisors away from recommending Bitcoin to their clients
• How the collapse of FTX affected financial advisors’ interest in crypto, according to Ric
• How the knowledge level of financial advisors about Bitcoin is "extraordinarily low"
• Why 77% of investment advisors are willing to buy a spot Bitcoin ETF
• Why there wasn't a huge interest from advisors after the launch of Bitcoin futures ETFs
• The percentage of client portfolios that he expects they will allocate to BTC
• Why Ric thinks there won't be huge inflows immediately after the approval of spot BTC ETFs
• How financial advisors will decide whose ETF to buy, among the 12 potential issuers
• Why he believes spot Ethereum ETFs have great growth potential
• Why he thinks tokenization might be the "next big thing" that will increase institutional activity

Take the Unchained 2023 survey!

Unchained is doing its annual survey. Let us know what we’re doing well, how we can improve, what you’d like to see more of, and generally, how we can serve you better. The survey also helps us find sponsors whose products and services would appeal to you. Plus, participating gives you an opportunity to win Unchained merch! Five randomly selected respondents will receive one free Unchained t-shirt or mug — your choice. Click here to participate. Thanks so much!

Thank you to our sponsors!  LayerZero  | Popcorn Network

Guest | 

Ric Edelman, Founder of the Digital Assets Council of Financial Professionals

Previous appearance on Unchained: Financial Advisors Control $5 Trillion in Investor Wealth. Are They Buying Bitcoin?

Links | 

Previous coverage on spot Bitcoin ETFs:

How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection

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: 

BlackRock Files for Spot Ethereum ETF

The Bitcoin ETF Is a Double-Edged Sword

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

-

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After weeks of negotiations, Hamas has agreed to release some hostages. In exchange, there will be a four-day pause in fighting. But then what? Americans really love their cars and dependence on them is making the country fairer (09:34). And what Netflix’s latest spin-off reveals about the changing trends in TV (15:56). 

Sign up for a free trial of Economist Podcasts+. If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

At CoinDesk’s State of Crypto event in Washington, DC. Senators Gillibrand and Lummis discuss their bold comprehensive regulation bill aiming to unify all crypto interests under 'one tent.’ The conversation touches on the current legislative progress and the consequential impact on crypto innovation.

This episode is sponsored by CME Group and PayPal.

In this week's episode of "Money Reimagined," amid our Thanksgiving week programming, we present a unique recording – host Michael Casey with an on-stage interview at CoinDesk's State of Crypto event in Washington DC last month with Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming. As co-sponsors of a crucial bill (Lummis-Gillibrand Responsible Financial Innovation Act) to overhaul crypto regulation, their insights offer a timely and significant perspective amidst the ongoing drama and turmoil in Congress, particularly on the day of the interview, coinciding with the House's vote on a nomination for speaker.

Links | 

CoinDesk's State of Crypto 

Unpacking the Latest Lummis-Gillibrand Bill Draft

Lummis, Gillibrand Reintroduce Comprehensive Legislation To Create Regulatory Framework For Crypto Assets - Kirsten Gillibrand | U.S. Senator for New York

 -

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for

bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options

Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your

peers while test-driving strategies for Bitcoin and Ether futures and options trading in a risk-free

simulated environment. 

Visit https://www.cmegroup.com/cryptoclassic to find out more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S Treasuries, and similar cash equivalents. Buy, sell, hold, and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get Started now at paypal.com/pyusd

-

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Alabama

• A ruling from 8th circuit may have future impact on redistricting case in AL
• Paris Hilton praises both AL senators for sponsoring bill on child abuse
• Mobile's city council delays vote on new policy on police body camera footage
• Family of Jawan Dallas will be viewing police camera footage today
• Trump's daughter Ivanka and her family adopt dog from rescue ranch in AL
• Bridge in Mobile to be named after avid runner who was killed in collision

National

• Joe Biden orders US flags to be lowered for 5 days in honor of Rosalynn Carter
• Federal court strikes down Maryland law on firearms and 30 day waiting period
• Former US military members sue government for C19 vaccine ultimatum
• Elon Musk files lawsuit against Media Matters for false claims re: X platform
• Israel agrees to 4 day cease fire in Gaza Strip in exchange for hostages