Bitcoin ETFs Unlock a Wall of Money with Steven McClurg & Jeff Kilburg

In this episode, I talk to Steven McClurg and Jeff Kilburg from Valkyrie Investments. We discuss why Bitcoin ETFs are a game-changer, the pent up institutional demand, and how soon they are coming. SHOW NOTES: https://www.whatbitcoindid.com/podcas... THIS EPISODE’S SPONSORS: Gemini - https://www.gemini.com/ BlockFi - https://blockfi.com/?ref=f0fdce00 Sportsbet.io - https://sportsbet.io/?ref=wbd Casa - https://keys.casa/?pk_campaign=wbd-ye... Exodus - https://www.exodus.io/ Ledger - https://www.ledger.com/ TIMESTAMPS: 0:00 Introduction 3:31 What is an ETF? 4:45 Do ETFs hold the Underlying? 9:41 Redemption of the Underlying? 16:12 Negative GBTC premium 18:08 What's the SEC holdup? 21:31 SEC Concern of Manipulation 24:37 Will the SEC open the Floodgates? 29:56 Jeff's days in The Pits 37:28 Another type of Bitcoin ETF 43:08 Which Companies will go in the ETF? 45:06 Existing Bitcoin ETFs 47:44 Thoughts on the Supercycle 54:44 Bitcoin ETF is Crucial WHERE TO FIND THE SHOW: → My website: https://www.whatbitcoindid.com/podcast/ → iTunes: https://apple.co/2OOlzVV → Spotify: https://spoti.fi/2ygc4W1 → Stitcher: https://bit.ly/2IQO8fX → SoundCloud: https://bit.ly/2CGSVQR → YouTube: https://bit.ly/3nyi9Ez → TuneIn: https://bit.ly/2ywystr LISTEN TO OLD EPISODES: → By guest: https://www.whatbitcoindid.com/guests/ → By topic: https://www.whatbitcoindid.com/topics/ → Transcriptions: SUPPORT THE SHOW: → https://www.whatbitcoindid.com/sponso... → Become a Patron:   / whatbitcoindid   → Subscribe on iTunes → Leave a review on iTunes → Share the show out with your friends and family on social media → Drop me a line on [email protected] WHERE TO FOLLOW ME: → Twitter:   / whatbitcoindid   → Medium:   / whatbitcoindid   → Instagram:   / whatbitcoindid   → Facebook:   / whatbitcoindid   → YouTube:    / whatbitcoindidpodcast   → Website: https://www.whatbitcoindid.com/ → Email list: https://www.whatbitcoindid.com/subscr... LEARN ABOUT BITCOIN & CRYPTO: → Step by Step Guide: https://www.whatbitcoindid.com/beginn... → Training: https://www.whatbitcoindid.com/training/ → Resources: https://www.whatbitcoindid.com/resour... **** “Think of 10,000 people sitting outside the amusement park trying to get in, that’s the institutional investment community…that’s the next leg higher, that’s $100K Bitcoin.” — Jeff Kilburg Location: Remotely Date: Tuesday 20th April Company: Valkyrie Role: CIO, Partner Since the Winklevoss applied for the first Bitcoin ETF in 2013, many Bitcoin ETFs have been filed and rejected. Since then, the Bitcoin market has matured, and with every rejection, those applying for ETFs gain more clarity on how one could eventually be approved. While there have been successful filings of ETFs in Canada and Brazil, these are smaller markets, and an ETF in the US would be a game-changer. With a growing number of applications piling up and more and more of the SEC’s objections becoming resolved, it seems inevitable that a US ETF will be approved. A Bitcoin ETF would unlock access and liquidity for a massive pool of individuals, pensions, and other institutions that are stuck waiting on the sidelines and offer an option to those who want to remain in the traditional financial rails but gain exposure to bitcoin. The traditional investment world utilizes the security and established plumbing surrounding ETF vehicles to connect assets with IRAs, 401Ks, and even larger structures like endowment funds. In this episode, I talk to Steven McClurg and Jeff Kilburg from Valkyrie. We discuss why Bitcoin ETFs are a game-changer, pent up institutional demand, and how soon they are coming.