A conversation about spot Bitcoin ETFs and decentralized ETFs

As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out, Elisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of spot Bitcoin (BTC) ETFs on the cryptocurrency industry and the idea of decentralized ETFs.

Amid the optimism that U.S. regulators are set to greenlight multiple spot BTC ETFs, some projects are also looking to bring 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 the excitement around them is mounting.

He explains that direct exposure to Bitcoin for institutional investors and funds through spot ETFs will boost adoption, which wasn’t previously feasible because some investors were unwilling to touch Bitcoin directly and be responsible for the self-custody of their assets.

According to Kuck, ETFs are an important wealth management and investment instrument that must be available for people in developing markets. He explains that this is the background for the creation of decentralized ETFs. This new classification of ETFs intends to take traditional ETFs to the blockchain, providing exposure for users who would otherwise not have access due to their jurisdiction or other barriers.

As 2023 comes to an end, Hashing It Out guests are asked to share their thoughts about the future of crypto and give their projections for 2024. Kuck said he is bullish that we will see a spot Bitcoin ETF soon and multiple similar products in the next five years. Moreover, he expects an increase in the tokenization of real-world assets, and the opening up of fractional ownership of assets like real estate powered by the blockchain.

Listen to the full episode of Hashing It Out on Apple Podcasts, Spotify or TuneIn. You can also explore Cointelegraph’s full roster of informative podcasts on the Cointelegraph Podcasts page.

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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.