What to Expect After SEC Approves the First Spot Bitcoin ETF? | European Blockchain Convention 9

Wed, Oct 2, 2024, 12:00 AM

In this panel, enthusiasm runs high as the speakers discuss the anticipated approval of the Spot Bitcoin ETF in the US. The prevailing sentiment is optimistic, with a consensus that it's not a matter of if but when. The impending approval is seen as a catalyst, poised to bring institutional investors into the Bitcoin space through familiar channels like ETFs. The discussion touches on the potential impact on Bitcoin's price and the broader crypto sector. Short-term hype is acknowledged, with a recent surge following fake news. However, the long-term effects are anticipated to be substantial, as ETFs enable a broader audience to access Bitcoin, potentially driving demand and influencing price action. The conversation delves into the significance of ETFs in the context of market depth, liquidity, and the potential for a supply squeeze. Panelists highlight the broader implications, such as the intersection of traditional finance and blockchain technology. They foresee ETFs as a key enabler for institutional and retail investors, simplifying access to the crypto market. As the discussion turns to Grayscale's role and the discount dynamics in its trust, there's a recognition that the ETF approval may impact existing holders, potentially leading to increased selling pressure. The conversation concludes with insights into the costs associated with getting Bitcoin exposure through an ETP, touching on custody, taxes, and the role of traditional financial institutions. Overall, the panel expresses optimism about the transformative potential of ETF approval, anticipating positive developments for both Bitcoin and the broader digital asset ecosystem. --------- Speakers: Christopher Siedentopf | Uphold Maurice Mureau | Hodl Group Hervé François | Investcorp Manuel Villegas Franceschi | Julius Baer --------- The European Blockchain Convention is the most influential blockchain event in Europe. Follow us to find out more 👇 Linkedin: https://www.linkedin.com/company/european-blockchain-convention/ Twitter: https://twitter.com/EBlockchainCon Instagram: https://www.instagram.com/eblockchainconvention/