Value for Value ⚡️
The the EBTC, the Global X1, that was the 1st Bitcoin ETF in the country, but they are a feeder fund. So they build a retail wholesale feeder. So retail wholesale feeder means that retail fund do not invest in Bitcoin because that needs a license. So what it does is that it invests in a wholesale fund. Wholesale fund doesn't need to adhere to the retail crypto licensing framework, so the wholesale funds host the Bitcoin. It's a very smart, clever, bypassing way of going through that licensing process, and then the VanEck one is different as well. The VanEck one simply just feeds into the US ETF.
Episode Summary
In this episode, we talk with Jeff Yew, CEO of Monochrome, about the journey to creating Australia's first true spot Bitcoin ETF. Jeff delves into the complexities of the Bitcoin market, the regulatory landscape, and the unique features of Monochrome's ETF that allow investors to directly hold and withdraw Bitcoin. We also discuss the broader implications of Bitcoin as an asset class and its potential for future generational wealth.(00:00:00) - Introduction(00:01:30) - Bitcoin and Motorsport Analogy(00:04:30) - The Journey to Creating Australia's First Spot Bitcoin ETF(00:08:30) - Ideology and Bitcoin(00:12:30) - Early Bitcoin Evangelists(00:17:00) - Regulatory Challenges with ASX and Cboe(00:22:00) - Personal Experiences and Social Media Issues(00:28:00) - Licensing and Regulatory Frameworks(00:34:00) - Addressing the Australian Market's Unique Issues(00:40:00) - Investor Risk and Protections(00:46:00) - Receiving Bitcoin from Monochrome ETF(00:52:00) - Bitcoin and Superannuation(00:58:00) - Bitcoin as a Future Asset for Generational Wealth(01:02:00) - Final Thoughts and TakeawaysConnect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast Connect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast