BROADCASTS.com

b'Take the Unchained 2023 survey!\\nUnchained is doing its annual survey. Let us know what we\\u2019re doing well, how we can improve, what you\\u2019d 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 \\u2014 your choice. Click here to participate. Thanks so much!\\nThe long-awaited approval of a spot bitcoin ETF looks to be mere weeks away, and Bloomberg ETF analyst James Seyffart joins Unchained to discuss the final issues and considerations, especially the battle over whether the new funds will feature in-kind vs. cash creation and redemptions, which appears to be one of the last main sticking points in negotiations between the SEC and fund companies. He also discusses the specific impact of an ETF approval on Grayscale, which runs the $26.6 billion Grayscale Bitcoin Trust, and why he thinks the SEC has thrown in the towel on trying to classify Ethereum as a security.\\xa0\\nShow highlights:\\n\\nWhy James views the multitude of potential issuers meeting with the SEC as a positive sign for the future of ETFs\\n\\nWhen James anticipates the ETFs will actually be listed on exchanges, which differs from their approval dates\\n\\nThe crucial differences between in-kind versus cash creation and redemptions in ETFs and their impact on market dynamics\\n\\nHow the choice of in-kind or cash creation and redemptions influences the overall cost structure of these financial products\\n\\nWhether the current actions of ETF issuers suggest a "bending the knee" approach to the SEC\'s preference for cash creations and redemptions\\n\\nHow the selected ETF model will specifically impact Grayscale and the future of its GBTC offering\\n\\nThe potential strategies behind BlackRock\'s private trust, especially in terms of integrating its Bitcoin holdings into its prospective ETF\\n\\nWhy James holds a more cautious outlook for the approval of an Ethereum spot ETF compared to his confidence in Bitcoin ETFs\\n\\nThank you to our sponsors!\\n\\nArbitrum Foundation\\n\\nPopcorn Network\\n\\nUniswap\\n\\nGuest\\n\\n\\nJames Seyffart, Research analyst at Bloomberg Intelligence\\n\\nPrevious appearances on Unchained:\\n\\nWhy It Looks Like BlackRock Could Win America\\u2019s First Spot Bitcoin ETF\\n\\nWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\\n\\nLinks\\n\\nPrevious coverage on spot Bitcoin ETFs:\\n\\nHow Much Money Will Flow Into Bitcoin ETFs? Here\\u2019s One Projection\\n\\nWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\\n\\nWhy It Looks Like BlackRock Could Win America\\u2019s First Spot Bitcoin ETF\\n\\nThe Chopping Block: Are We Back? The \\u2018Low IQ\\u2019 Response to the Potential Spot Bitcoin ETF\\n\\nUnchained:\\xa0\\n\\nBitcoin ETFs Explained: What Are They & How Do They Work?\\n\\nBlackRock Updates Bitcoin ETF Filing to Make Access Easier for Wall Street Banks\\xa0\\n\\nUnderstanding the ETF creation and redemption mechanism\\n\\nNate Geraci\\u2019s tweet on in-kind/cash\\n\\n\\nJames comments \\u201cthe people want in-kind\\u201d\\n\\nJames: \\u201cI think everyone is gonna have to bend the knee to cash creates and redeems.\\u201d\\n\\n\\nEric Balchunas suggests the SEC is only letting cash-create ETFs launch initially\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'