FalconX Global Head of Institutional Coverage Aya Kantorovich joins Emily Chang to discuss the future of crypto ETFs as Wall Street moves closer to acceptance of crypto, how crypto is “much larger than finance” in its many different applications and the role of crypto and blockchain technology in the metaverse.
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Is this body TAF the holy grail for Bitcoin.
It definitely is. I completely agree with all of the comments
that meant earlier and I think the biggest thing is really the
comment around protection of consumers when you have a futures
ETF. Futures inherently trade at a premium to sport. Normally on
average around 5 percent and that can equate to a year and cost
of anywhere between 15 to 20 percent of a premium on that price.
And so when you think about protection of consumers you’re
actually not really getting the best product out there. And so
not just that you know there’s the 90 bit fee on these futures
backed ETF. And so I think even if you compare it to that
grayscale index fund with a 2 percent fee that is still cheaper
all in because it’s spot in the underlying then that future
based ETF.
So is this Holy Grail is approved. How does that change the
crypto market.
Great question. So a lot of this is supply and demand and so
right now we are continued to head into a supply crunch. And so
we have 21 million Bitcoin there being mined every minute every
second every hour. And so being able to lower that supply is
going to have an inherent impact on that price
as opposed to the futures price.
Now it was a relatively quiet week for Bitcoin theorem. On the
other hand really rallying. What do you make of that. Given how
expensive transactions are getting.
I think the largest thing coming out of NAFTA New York City in
the conference this week is really that crypto is just much
larger than finance and you have a ton of applications being
built on top of a theorem and coinciding with the theorem.
Specifically this week you have block chain gaming the media a
ton of investments being poured into metaverse. And so all of
that coincides with their real use cases outside of this
financed bucket that initially crypto is very much associated
with. And it’s almost as I assume you know in the early 1920s we
assumed that tech was this massive bubble. And then you had
fintech e-commerce and media break out into that. I really
expect crypto to do the same outside of just the initial
financial bucket. We had to start.
It’s also been a busy couple of weeks for the metaverse and I’m
curious what you think the role of crypto in the metaverse could
be.
It’s going to be really movement of assets and so I think you
know to today the way I think about it is how do you value your
time. And you know especially if you think about creators. How
do you value things that maybe computers can’t necessarily
generate or you know I think Microsoft CEO also mentioned how do
you value presence and human connection in a different way. And
so I think today being able to use block chain and crypto to
create interoperability and intrinsic rights as mentioned
previously is really going to be important to digitize all of
that in a way that’s more accessible and democratized.
the matrix has you.
November 6, 2021 at 7:01 pm
She doesn’t know 😂
Sir Derty ✓
November 6, 2021 at 7:16 pm
yep, just hot air ads in the form of a bogus “interview”
Melisa Scalia
November 6, 2021 at 7:03 pm
Gyôry Klaudia
November 6, 2021 at 7:04 pm
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November 6, 2021 at 7:04 pm
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Sir Derty ✓
November 6, 2021 at 7:17 pm
Melisa, we know you are a guy in nigeria. get a real job and
nobody falls for these.. whoever sold you this idea is a duncey bit of a person
Sir Derty ✓
November 6, 2021 at 7:17 pm
scam
get a job,
stop your spam and multiple accounts
grig
November 6, 2021 at 7:03 pm
So many barely capable people talking about tech they don’t get.
Sir Derty ✓
November 6, 2021 at 7:16 pm
Exactly.. this is another prime example.
Its almost as if bloomberg is just selling tv time at this point to anyone who buys a “interview”
Sir Derty ✓
November 6, 2021 at 7:14 pm
Complete nonsense.
Ali-W7 Ananza
November 6, 2021 at 8:19 pm
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Sir Derty ✓
November 6, 2021 at 10:17 pm
no.
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Akshat Shrivastava
November 6, 2021 at 11:46 pm
@Henry Mark yeah
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ardf_ca
November 7, 2021 at 5:17 am
Why would you imvest into ETF and paid a management fee when you can invest into crypto directly, plus you can place your own crypto into wallet in the future. Am I missing something with this ETF nonsense?
vastcold
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Thirdai_
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