FYI - For Your Innovation

FYI - For Your Innovation


The Bitcoin ETF: A Tipping Point?

February 08, 2024

Since inception, ARK has researched and published thoughts on the cryptocurrency ecosystem within Big Ideas and through articles, whitepapers, monthly Bitcoin reports and podcasts. Now, in coordination with Bitcoin Park, ARK is pleased to introduce a monthly conversation with leaders in the Bitcoin space, to discuss everything happening in the rapidly-changing and still nascent Bitcoin ecosystem. Published through the For Your innovation podcast channels, this monthly series aims to be informative and enlightening, including experts with diverse viewpoints.


Guests on this month’s Bitcoin Brainstorm include:


Senator Cynthia Lummis: Senator, Wyoming


Perianne Boring: CEO and Founder, Chamber of Digital Commerce


Eric Balchunas: Senior ETF Analyst, Bloomberg


Alex Thorn: Head of Research, Galaxy Digital


Ophelia Snyder: Co-Founder and President, 21Shares


Yassine Elmandjra: Director of Digital Assets, ARK Invest 


Cathie Wood: Founder, CEO and CIO, ARK Invest


Rod Roudi: Co-Founder, Bitcoin Park


Key Points From This Episode:


00:00:00 Rod introduces the Bitcoin Brainstorm and hands over the floor to each of our fantastic guests


00:05:01 Cathie sets the stage for what led to the eventual approval of the bitcoin ETF


00:10:34 Why a bitcoin ETF can be a bridge between the traditional financial world and the world of innovation and digital assets


00:17:30 What made the launch of bitcoin ETFs different from any other ETF launch in history


00:19:59 Will the launch of bitcoin ETFs lead to fast tracking policy around digital assets in general?


00:29:11 Senator Lummis outlines the impact Sam Bankman-Fried is still having on digital asset legislation in the Senate


00:38:51 The impact education makes on the cryptocurrency industry as a whole


00:45:20 Why did so many assets flow to bitcoin ETFs in the first few weeks, when bitcoin has existed since 2008


00:55:32 What are some of the trade-offs of using a bitcoin ETF to gain exposure to the asset rather than bitcoin itself


00:57:03 Comparing the impact the Federal Reserve can have on the equity market to how decentralized bitcoin and the Bitcoin network is


01:06:00 Why has bitcoin been so resilient in the face of controversy


01:10:30 How popular will bitcoin ETFs end up being?



Links Mentioned in this Episode:


Learn more about Bitcoin Park: bitcoinpark.com


Parker Lewis book, Gradually Then Suddenly: https://academy.saifedean.com/product/gradually-then-suddenly-hardcover/


Learn more about Senator Cynthia Lummis: https://www.lummis.senate.gov/