As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. Episode 38 of Cointelegraph discussElisha Owusu Akyaw talks with Decentralized ETF (D-ETF) CEO Joel Kuck about how ETFs work, the potential impact of a spot Bitcoin (BTC) ETF on the cryptocurrency industry, and the idea of a decentralized ETF.
Amid optimism over multiple spot BTC ETFs being given the green light by U.S. regulators, some projects are also looking to bring other ETFs to the blockchain while riding the wave of hype surrounding the investment product. Kuck explains why the industry is bullish on spot Bitcoin ETFs and why the excitement surrounding them is growing.
He explained that institutional investors and funds having direct exposure to Bitcoin through spot ETFs will increase adoption, which was not feasible before because some investors were unwilling to have direct exposure to Bitcoin and be responsible for self-custody of their assets.
Cook said ETFs are an important wealth management and investment tool that people in developing markets must have access to. This, he explained, is the context in which decentralized ETFs were created. This new ETF classification aims to bring traditional ETFs to the blockchain, providing exposure to those users who would not have access due to jurisdiction or other barriers.
2023 is coming to an end, discuss Guests were asked to share their thoughts on the future of cryptocurrency and give their predictions for 2024. Cook stated that he is optimistic that we will soon see a spot Bitcoin ETF and see multiple similar products within the next five years. Additionally, he expects the tokenization of real-world assets to increase, opening up blockchain-powered fractional ownership of assets such as real estate.
Listen to the full episode discuss exist Apple Podcasts, Spotify or tune in. You can also explore Cointelegraph’s full list of informative podcasts on the Cointelegraph Podcasts page.
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