One of the biggest developments in the institutional crypto and digital assets space has been the launch of exchange-traded products for investors. The recent launch of spot Bitcoin ETFs in the US was a milestone hailed around the world. But how do operations work for exchange-traded products (ETPs) and exchange-traded funds (ETFs) - and what is the difference? What changes to crypto markets can be linked to the the growth of these products?
In this episode, RULEMATCH Spot On hosts Isabella Moessler, Global Head of Distribution at 21Shares, a leader in the crypto ETP/ETF space. Isabell has extensive experience in the financial industry from Goldman Sachs, iShares, ETF Securities and Euronext.
(00:58) - Intro and the view of a finance veteran
(3:03) - Explaining the difference between ETPs and
ETFs
(6:24) - Managing operations for ETPs in a global
crypto market
(9:05) - How a new ETP is born
(12:13) - The reason for Switzerland
(14:09) - All about spot Bitcoin ETFs in the US
(18:59) - Market integrity and US Bitcoin ETFs
(21:37) - The implications of a fragmented crypto market
(23:29) - The evolution beyond retail
(25:40) - “Centralization” of custody for ETPs and ETFs
(29:57) - Potential for lending markets
(31:56) - 2nd generation ETPs and ETFs (with
tokenization)
(37:05) - Settlement, pre-funding and Delivery vs.
Payment
(40:27) - The question of an Ether ETF
(45:41) - Education is (still) key
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The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.
