CoinDesk Podcast Network - UNCHAINED: How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock
Bitwise’s Matt Hougan and VanEck’s Matthew Sigel delve into the details of the first two days of trading and what each company tried to focus on with its offering.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Thursday was a momentous day in crypto as the first SEC-approved spot Bitcoin ETFs finally began trading after more than a decade of waiting, and by almost all accounts, it was a huge success, with more than $625 million in inflows on the first day of trading.
Bitwise CIO Matt Hougan and VanEck head of digital assets research Matthew Sigel joined Unchained to discuss their approaches towards selling their products in the market, the challenges of competing with larger firms like BlackRock and Fidelity, the fee wars and where those are headed, the importance of specialist expertise in the crypto investment space, and how Bitcoin prices might react to all the new supply in the market.
Show highlights:
- Why Matt Hougan regards the first week as a massive success for Bitcoin
- How Matthew Sigel emphasizes the costs and benefits ETFs offer to retail investors
- The strategic marketing approaches of VanEck and Bitwise aligning with Bitcoin community values
- The reasons for Bitwise's standout performance in the first days of trading, according to Matt
- Whether the introduction of Bitcoin ETFs will reshape the broader ETF landscape
- Matt's perspective on why some financial institutions resist Bitcoin, and their eventual openness to crypto
- Whether the established players in finance feel threatened by the rise of open-source technologies
- Whether Gary Gensler’s statement after the approval is “totally crazy”
- Why data for the various ETFs in the market should be analyzed on a weekly or monthly basis
- The ongoing fee competition and how smaller entities can compete against giants like BlackRock and Fidelity
- Grayscale's strategies to remain competitive with higher fees and the possibility of launching a new, low-fee ETF
- How investment advisors might adapt to these new crypto products and the potential for mainstream adoption
- Matthew’s predictions for when BTC investors, both short-term and long-term, will take profits
- Why they are both closely monitoring Ethereum's performance and the prospects for a spot ether ETF in the market
Thank you to our sponsors! Arbitrum Foundation | Popcorn Network
Guests:
Matt Hougan, Chief Investment Officer at Bitwise Asset Management
Previous appearances on Unchained: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
Matthew Sigel, Head of Digital Assets Research at VanEck.
Links
Previous coverage of Unchained on spot Bitcoin ETFs:
Why Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs
Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday
Why the SEC May Want Cash Creation of Spot Bitcoin ETFs
Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF
Will a Spot Bitcoin ETF Finally Get Approved?
The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
Approval:
Unchained:
Spot Bitcoin ETFs Finally Receive SEC Seal of Approval
What Officials, ETF Issuers, and Others Are Saying About the SEC's Spot Bitcoin ETF Approvals
Laura Shin’s op-ed on Unchained: Why Spot Bitcoin ETFs Are (But Mostly Aren't) a Big Deal for Crypto
David Z. Morris’ op-ed on Unchained: The SEC’s Bumbling Bitcoin ETF Rollout Was Perfectly On-Brand
First days of trading
Unchained:
Spot Bitcoin ETFs Record $4.6 Billion First Day Trading Volume
Spot Bitcoin ETF Inflows Topped $625 Million on First Day in ‘Phenomenal’ Debut, Led by Bitwise
Vanguard Isn’t Allowing Customers to Buy Spot Bitcoin ETFs
Ether Rallies on Optimism Following Spot Bitcoin ETF Approvals
Spot Bitcoin ETF Approval Sparks Altcoin Rally
CoinDesk: UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors
The Block:
BlackRock's new spot bitcoin ETF tops $1 billion in big first day of trading
Blockworks: Spot bitcoin ETF volumes eclipse $4.5B on first day of trading
Fees
Unchained:
VanEck Pledges 5% of Profits From Yet-to-Be-Approved Spot ETF to Bitcoin Core Developers
Fee Competition Heats Up Among BlackRock and Other Spot Bitcoin ETF Applicants
Bitcoin ETF Fee War Could Make Investing in Bitcoin Cheaper Than Using an Exchange
BlackRock, ARK 21Shares Lower Bitcoin ETF Fees Again as Approval Looms
Bitwise will donate 10% of the profits of the Bitwise Bitcoin ETF
Learn more:
Unchained:
Bitcoin ETFs Explained: What Are They & How Do They Work?
Why The Spot Bitcoin ETF Is a Big Deal
Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF?
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Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
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Up First from NPR - Middle East turmoil, New Hampshire primaries and Justices hear case on deregulation
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The Intelligence from The Economist - The Intelligence: Gaza’s ever-graver crisis
A tentative aid deal in Gaza is just a sliver of what is needed; hunger and disease may well claim more Palestinian lives this year than the military campaign will. New research suggests American places worst-hit by the opioid epidemic are undergoing a rightward political shift (11:45). And why Britain, renowned for its facility with statistics, might end its decadal census (17:19).
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.
The Daily Detail - The Daily Detail for 1.17.24
Alabama
- Half of the state is emerging today from a winter storm shutdown
- AG Marshall talks about the VCAP law being cleared for implementation
- An out of state endorsement is given for Dick Brewbaker for District 2 race
- Auburn coach Bruce Pearl says MSNBC acting like dictators over Trump speech
- AL congressional delegates congratulate Trump on his win of Iowa
National
- US Navy Seals intercept a vessel full of missiles built in Iran headed to Yemen
- Entrance polls in Iowa show Trump's commanding lead with Evangelicals
- Art dealer for Hunter Biden tells House committee that Joe was involved
- Court divorce docs show GA attorney Nathan Wade received contempt of court
- Former NIH director changes tune saying C19 Lab leak theory is plausible
- Globalists hob nob in Switzerland and plan to subjugate the hoi polloi
Getting Hammered - Unintended Consequences
Join us today for a dive into the Iowa Caucus and the 2024 election updates. We'll also touch on pro-Palestine protests and bid farewell to fruit stripe gum.
Time Stamps:
7:47 Iowa Caucus and 2024
46:50 Foreign Policy Update
1:01:32 Fruit Stripe
Want more Getting Hammered? Follow us on Instagram @gettinghammeredpodcast Questions? Comments? Email us at [Hammered@Nebulouspodcasts.com]
More or Less: Behind the Stats - Life expectancy, inheritance tax and the NHS vs winter
We report on the state of the NHS as it struggles through a double wave of Covid and flu infections.
We report on the state of the NHS as it struggles through a double wave of Covid and flu infections.
Do only 4% of people pay inheritance tax? Paul Lewis sets out the figures.
And what do the latest life expectancy figures tell us about how long we?re going to live?
Presenter: Tim Harford Reporter: Kate Lamble Producers: Nathan Gower and Debbie Richford Series producer: Tom Colls Production co-ordinator: Brenda Brown Sound mix: Graham Puddifoot Editor: Richard Vadon
Everything Everywhere Daily - The Irish Potato Famine (Encore)
In 1845, farmers around Europe suffered from a blight that devastated the potato crop.
This lasted for several years, but nowhere was it more pronounced than it was on the island of Ireland, where it resulted in death and mass migration.
The effects of this potato blight can still be witnessed in the world today.
Learn more about the Great Irish Famine, also known as the Irish Potato Famine, on this episode of Everything Everywhere Daily.
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What Could Go Right? - Is Free Speech Dead? with Greg Lukianoff
What's really happening on college campuses? Is free expression on them dead, or have we reached peak cancel culture? And why have younger generations completely abandoned the principles behind free speech? Today, we're joined by attorney Greg Lukianoff, the President and CEO of the Foundation for Individual Rights and Expression (FIRE), who shares his perspective and his hopes for the role of free speech defenders and alternative approaches to higher education.
What Could Go Right? is produced by The Progress Network and The Podglomerate.
For transcripts, to join the newsletter, and for more information, visit: theprogressnetwork.org
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Opening Arguments - OA857: Can Elon Musk Blow Up Your Right To Join A Union?
After a roundup including the first day of the E. Jean Carroll trial, Liz and Andrew break down the latest SpaceX lawsuit and discuss what it might mean for the future of collective bargaining.
Notes Nathan J. Robinson, researcher, Current Affairs, “Surely We Can Do Better Than Elon Musk,” April 7, 2021 https://www.currentaffairs.org/2021/04/surely-we-can-do-better-than-elon-musk
S. Derek Turner, “Broadband Boondoggle: Ajit Pai's $886M Gift to Elon Musk,” Free Press, December 14, 2020 https://www.freepress.net/our-response/expert-analysis/insights-opinions/broadband-boondoggle-ajit-pais-886m-gift-elon-musk
NLRB proceedings against SpaceX https://www.nlrb.gov/case/31-CA-307446
NLRA, 29 U.S.C. § 151 et seq.https://www.law.cornell.edu/uscode/text/29/chapter-7/subchapter-II
NLRB damages chart https://www.nlrb.gov/reports/nlrb-case-activity-reports/unfair-labor-practice-cases/remedies-achieved/monetary-remedies
SpaceX v. NLRB docket https://www.courtlistener.com/docket/68136196/space-exploration-technologies-corp-v-national-labor-relations-board/Paragraph
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