- (4:30) - Breaking Down The Current Bitcoin ETF Filings
- (8:45) - Futures Backed vs. Physically Backed Bitcoin ETF: Which Is More Attractive?
- (15:25) - Understanding The Approval Timeline: Who Will Be The First Available?
- (18:50) - Evolve ETFs Success In Canada: Bitcoin ETF (EBIT)
- (29:00) - Which Type of Bitcoin ETF Is Best For Your Portfolio?
- (32:35) - Understanding The Difference Between Bitcoin and Ethereum?
- (36:40) - What Impact Will China’s Cryptocurrency Regulations Have On The Market?
- Podcast@Zacks.com
In this episode of ETF Spotlight, we focus on bitcoin ETFs, which may get regulatory approval in the US soon. It has been eight years since the Winklevoss brothers first applied for a bitcoin ETF. Many ETF providers have since filed for a crypto ETF, but the SEC has denied all those requests. A bitcoin ETF may finally become a reality this year.
In the first part of this episode, my guest is James Seyffart, ETF Research Analyst at Bloomberg Intelligence. We talk about the state of bitcoin ETF filings and why an ETF could be approved in October.
In the second part, I speak with Raj Lala, CEO at Canadian ETF provider Evolve ETFs. Evolve currently offers three crypto ETFs. We discuss how these ETFs work.
The bitcoin market capitalization now exceeds $800 billion and some public companies like Tesla (TSLA - Free Report) and MicroStrategy (MSTR - Free Report) hold it on their balance sheets. While the digital currency can be easily bought on platforms like PayPal (PYPL - Free Report) , Coinbase (COIN - Free Report) and Robinhood (HOOD - Free Report) , many investors prefer an ETF that would help them hold bitcoin safely and conveniently in their brokerage accounts.
In the absence of an ETF, investor use product like the Grayscale Bitcoin Trust (GBTC - Free Report) that can trade at a significant discount or premium to their NAV.
SEC Chair Gary Gensler has signaled his preference for ETFs that invest in futures. Futures based products are not as efficient as the physical based products in general as derivatives add another layer of complexity, with the need to rollover. They also are not very good at tracking spot prices.
Canadian regulators have approved several cryptocurrency ETFs that are trading smoothly.
Evolve offers a bitcoin ETF (EBIT), an ether ETF (ETHR) and just this week, they launched a multi-cryptocurrency ETF.
Raj believes bitcoin acts as a store of value and that’s why it is called digital gold, whereas ether has become an essential building block for digital finance.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
In this episode of ETF Spotlight, we focus on bitcoin ETFs, which may get regulatory approval in the US soon. It has been eight years since the Winklevoss brothers first applied for a bitcoin ETF. Many ETF providers have since filed for a crypto ETF, but the SEC has denied all those requests. A bitcoin ETF may finally become a reality this year.
In the first part of this episode, my guest is James Seyffart, ETF Research Analyst at Bloomberg Intelligence. We talk about the state of bitcoin ETF filings and why an ETF could be approved in October.
In the second part, I speak with Raj Lala, CEO at Canadian ETF provider Evolve ETFs. Evolve currently offers three crypto ETFs. We discuss how these ETFs work.
The bitcoin market capitalization now exceeds $800 billion and some public companies like Tesla (TSLA - Free Report) and MicroStrategy (MSTR - Free Report) hold it on their balance sheets. While the digital currency can be easily bought on platforms like PayPal (PYPL - Free Report) , Coinbase (COIN - Free Report) and Robinhood (HOOD - Free Report) , many investors prefer an ETF that would help them hold bitcoin safely and conveniently in their brokerage accounts.
In the absence of an ETF, investor use product like the Grayscale Bitcoin Trust (GBTC - Free Report) that can trade at a significant discount or premium to their NAV.
SEC Chair Gary Gensler has signaled his preference for ETFs that invest in futures. Futures based products are not as efficient as the physical based products in general as derivatives add another layer of complexity, with the need to rollover. They also are not very good at tracking spot prices.
Canadian regulators have approved several cryptocurrency ETFs that are trading smoothly.
Evolve offers a bitcoin ETF (EBIT), an ether ETF (ETHR) and just this week, they launched a multi-cryptocurrency ETF.
Raj believes bitcoin acts as a store of value and that’s why it is called digital gold, whereas ether has become an essential building block for digital finance.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on TSLA - FREE
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