Why It Looks Like BlackRock Could Win Americas First Spot Bitcoin ETF - Ep. 509

Published: June 23, 2023, 11 a.m.

b"The SEC has swatted down so many spot bitcoin ETF applications that crypto diehards simply gave up caring. Then comes TradFi giant BlackRock \\u2013 at the height of the SEC\\u2019s crypto crackdown, no less \\u2013 with an ETF application that has seemingly changed the calculus. Bloomberg Intelligence ETF watcher James Seyffart joins the show to unpack the odds of BlackRock being the first to win approval, and what it would mean for other players in the space chasing down TradFi\\u2019s \\u201choly grail.\\u201d\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy the SEC rejected all of the previous bitcoin spot ETF applications\\n\\nwhat makes the application from BlackRock, the world\\u2019s largest asset manager, different\\xa0\\n\\nwhat a 19b-4 filing is and how it relates to the BlackRock application\\n\\nwhether BlackRock \\u201cknows something,\\u201d considering the recent enforcement actions against major crypto exchanges\\n\\nwhy being a first mover is a considerable advantage in the ETF market\\n\\nwhether BlackRock choosing Coinbase as a custodian is a risk, given that the SEC is in a legal battle with Coinbase\\n\\nwhat\\u2019s different about a spot bitcoin ETF, and why a bitcoin futures ETF is not enough\\xa0\\n\\nwhat are the differences between the applications filed by BlackRock, Invesco, WisdomTree and Valkyrie\\n\\nwhich are the applications that are most likely to be approved, according to James\\n\\nwhat the impact will be of Grayscale\\u2019s lawsuit against the SEC over the denial of its proposal to convert GBTC to an ETF\\n\\nwhy James says that Gary Gensler could be thinking like a politician as it relates to spot bitcoin ETFs\\xa0\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nCopilot Money\\n\\nProtonMail\\n\\nGuest\\n\\nJames Seyffart, Research analyst at Bloomberg Intelligence\\nLinks\\n\\nPrevious coverage of Unchained on the topic:\\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\\n\\n\\nThe Block: BlackRock ETF launch would put pressure on Grayscale's valuation: Bloomberg analyst\\n\\n\\nCoinDesk: A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF\\n\\n\\nUnchained:\\n\\nInvesco and WisdomTree Follow BlackRock, Reapply for Bitcoin ETFs\\n\\n\\u200b\\u200bBlackRock Files for Bitcoin Spot ETF \\n\\nValkyrie Applies for Bitcoin Spot ETF \\u2018BRRR\\u2019\\n\\nReuters:\\xa0\\n\\nCboe files with U.S. SEC for third time to list ARK 21Shares Bitcoin ETF\\n\\nUS court questions SEC's rejection of Grayscale's bitcoin fund proposal\\n\\nBarron\\u2019s: ETF: Invesco, WisdomTree Join Push. Why It Might Happen.\\n\\n\\nBlockworks: BlackRock, then Bitwise \\u2014 How the spot bitcoin ETF filings differ \\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"