This remains one of the hottest topics in 2024, as expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States. From Episode 38 of Cointelegraph HashingElisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), 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 that US regulators will approve a multi-spot BTC ETF, some projects are looking to ride the wave of hype for the investment product and bring other ETFs to the blockchain. Kuck explains why the industry is bullish on spot Bitcoin ETFs and why interest in them is growing.
He explains that direct exposure to Bitcoin for institutional investors and funds through spot ETFs will drive adoption. This was not feasible before because some investors were reluctant to touch Bitcoin directly and take responsibility for their own management of the asset.
According to Kuck, ETFs are an important asset management and investment tool that should be available to people in developing countries. He explains that this is the background to the birth of decentralized ETFs. This new ETF classification is intended to bring traditional ETFs to the blockchain and provide exposure to users who otherwise would not have access due to jurisdictional or other barriers.
As 2023 comes to an end, Hashing Guests are asked to share their thoughts on the future of cryptocurrency and provide predictions for 2024. Kuck said he is optimistic that a Bitcoin ETF will soon emerge and several similar products will emerge within the next five years. He also expects increased tokenization of real-world assets and the opening up of fractional ownership of assets such as real estate powered by blockchain.
Listen to the full episode of Hashing On Apple Podcasts, Spotify, or TuneIn. You can also explore Cointelegraph’s full list of informative podcasts on the Cointelegraph Podcasts page.
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