As expectations rise for a spot bitcoin exchange-traded fund (ETF) to be approved in the United States, it remains one of the hottest topics heading into 2024. In episode 38 of Cointelegraph Discussing itElisha Owusu Akyaw speaks with Joel Kuck, CEO of Decentralized ETFs (D-ETF), about how ETFs work, the potential impact of bitcoin (btc) spot ETFs on the cryptocurrency industry, and the idea of ETFs decentralized.
Amid optimism that US regulators are willing to greenlight multiple btc spot ETFs, some projects are also looking to add other ETFs to the blockchain while riding the wave of hype around the investment products. Kuck explains why the industry is bullish about spot bitcoin ETFs and why enthusiasm around them is increasing.
He explains that direct exposure to bitcoin for institutional investors and funds through spot ETFs will drive adoption, which was not feasible before because some investors were unwilling to touch bitcoin directly and be responsible for self-custody of their assets.
According to Kuck, ETFs are an important investment and wealth management instrument that should be available to people in developing markets. He explains that this is the context for the creation of decentralized ETFs. This new ETF classification aims to bring traditional ETFs to the blockchain, providing exposure to users who would not otherwise have access due to jurisdiction or other barriers.
As 2023 comes to a close, Discussing it Guests are asked to share their thoughts on the future of cryptocurrencies and provide their projections for 2024. Kuck said he is optimistic that we will soon see a spot bitcoin ETF and several similar products in the next five years. Additionally, he expects an increase in the tokenization of real-world assets and the opening up of fractional ownership of assets like blockchain-powered real estate.
Listen to the full episode of Discussing it in Apple Podcasts, Spotify either Tune in. You can also explore the full list of Cointelegraph informational podcasts on the Cointelegraph Podcasts page.
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