Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 - Ep. 560

Published: Oct. 24, 2023, 11 a.m.

b'James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.\\xa0\\nFirst, the SEC decided not to appeal a court\\u2019s rejection of Grayscale\\u2019s application to convert its bitcoin trust to a spot ETF. Second, there\\u2019s been a change in the way the SEC has been treating the many other spot Bitcoin ETF applications\\u2014requesting miniscule tweaks in disclosure language. And even though other legal hiccups are occurring\\u2014the NY Attorney General\\u2019s lawsuit against Grayscale parent company, DCG, the SEC\\u2019s potentially renewed vigor in the Ripple case, and Cointelegraph\\u2019s incorrect tweet about a bitcoin ETF\\u2014the SEC needs a PR win right now. According to them, this means good things not just for spot Bitcoin ETFs but also, shortly thereafter, Ethereum ETFs.\\xa0\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy the SEC did not appeal a decision in the Grayscale case\\n\\nwhether the NYAG lawsuit against DGC, the parent company of Grayscale, will affect the prospects for GBTC being converted into an ETF\\n\\nhow likely it is that GBTC will be converted into an ETF and what needs to happen for that to occur\\n\\nwhy the SEC probably wants Grayscale to "completely refile," according to James\\n\\nwhy the recent changes in the ETF applications are "relatively modest," according to Matt\\n\\nwhether the incorrect Cointelegraph tweet about a spot bitcoin ETF will be used by the SEC to bolster its market manipulation argument\\n\\nan overview of the deadlines of the different applications\\n\\nwhat happened at the launch of Ethereum futures ETFs and how it was different from the launch of Bitcoin futures ETFs\\n\\nwhether the approval of a spot Bitcoin ETF will pave the way for a spot ether ETF\\n\\nwhat the impact is of all the negative PR for the SEC and Chair Gary Gensler after losing many cases\\n\\nwhat the differences between the various ETFs are and how they will compete in the market\\n\\nLightning round questions: volumes after launch, inflows in the first year, projections for BTC price\\n\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nLayerZero\\n\\nPopcorn Network\\n\\nGuests:\\n\\n\\nJames Seyffart, Research analyst at Bloomberg Intelligence\\n\\nPrevious appearance on Unchained: Why It Looks Like BlackRock Could Win America\\u2019s First Spot Bitcoin ETF\\n\\n\\n\\nMatthew Hougan, CIO of Bitwise\\n\\nPrevious appearances on Unchained:\\xa0\\n\\nThe 2 Types of Investors Driving Interest in Crypto\\n\\nBitwise\\u2019s Latest Plans to Get a Bitcoin ETF Approved\\n\\n\\nLinks\\nETFs:\\nPrevious coverage of Unchained on ETFs:\\n\\nDoes Grayscale\\u2019s Win Against the SEC Mean a Spot Bitcoin ETF Will Be Approved?\\n\\nGrayscale v. SEC: Who Won This Week\\u2019s Hearing?\\n\\nWhy Grayscale Is Suing the SEC Over Its Denial of a Bitcoin ETF\\n\\n$5 Billion in AUM: Why Growth at Grayscale Exploded in the Last Quarter\\n\\nBitwise\\u2019s Latest Plans to Get a Bitcoin ETF Approved\\n\\nDCG\\u2019s Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini?\\n\\nUnchained:\\xa0\\n\\nBitcoin Surges to $30K After False Spot ETF Approval Tweet\\n\\nEthereum Futures ETFs See \\u2018Average\\u2019 First Day Trading Volumes\\n\\nCointelegraph: Clarification on sharing false spot Bitcoin ETF news\\n\\n\\nRedeem GBTC \\U0001f33d Campaign\\n\\nRipple:\\nSEC Drops Charges Against Ripple CEO and Chairman - Unchained Crypto\\nMarket manipulation\\n\\n\\nCNET: 23-year-old arrested in Emulex hoax\\n\\n\\nSEC Charges Avraham Eisenberg with Manipulating Mango Markets\\u2019 \\u201cGovernance Token\\u201d to Steal $116 Million of Crypto Assets\\n\\nNYAG lawsuit:\\nNY Attorney General Sues Crypto Firms Gemini, Genesis, and DCG for Over $1 Billion Fraud\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'