Decentralized ETF CEO Predicts Rise of Spot Bitcoin ETFs and Crypto Development in 2024
Summary:
The CEO of Decentralized ETF (D-ETF), Joel Kuck, discusses the potential of spot Bitcoin ETFs in the US and the impact they could have on the cryptocurrency sector on Cointelegraph's podcast, Hashing It Out. He explains that ETFs are critical tools for wealth management and should be accessible to individuals in emerging markets. Kuck also projects an increase in tokenization of real-world assets and the development of fractional ownership of properties like real estate via blockchain.
The possibility of the United States approving a spot Bitcoin exchange-traded fund (ETF) is setting tongues wagging as the New Year 2024 draws near. Elisha Owusu Akyaw and Joel Kuck, CEO of Decentralized ETF (D-ETF), discuss this hot issue in episode 38 of Cointelegraph's podcast, Hashing It Out. They talk about how ETFs operate, the potential influence a spot Bitcoin (BTC) ETF might have on the crypto sector, and the concept of decentralized ETFs.
With the growing belief that U.S. authorities may give their nod to more than one spot BTC ETF, certain initiatives are keen to extend the ETF concept into the blockchain, tapping into the enthusiasm around such investment vehicles. Kuck expounds on why the crypto industry is so optimistic about spot Bitcoin ETFs and the reason behind the mounting anticipation.
He makes it clear that giving institutional investors and funds a direct stake in Bitcoin through spot ETFs will promote wider acceptance, something that was not possible earlier because some investors were hesitant to directly engage with Bitcoin and be accountable for the self-custody of their holdings.
Kuck emphasises that ETFs are a critical tool for wealth management and investing that should be accessible to individuals in emerging markets. According to him, this rationale led to the genesis of decentralized ETFs. The central idea behind these new-age ETFs is to incorporate conventional ETFs into the blockchain, thereby giving exposure to users who would otherwise be excluded due to their location or other hurdles.
As 2023 winds down, guests on Hashing It Out are invited to share their views on the future of crypto and make predictions for 2024. Kuck maintains a positive outlook, predicting that not only will there be a spot Bitcoin ETF in the near future, but also several other akin products over the next half-decade. He anticipates a surge in tokenizing real-world assets and launching fractional ownership of assets like real estate, all facilitated by the blockchain.
The entire episode of Hashing It Out can be heard on Apple Podcasts, Spotify, or TuneIn, and a comprehensive list of Cointelegraph's edifying podcasts can be found on the Cointelegraph Podcasts page.
Note: This piece is for informational purposes alone and is not meant as legal or investing advice. All opinions shared here are the author's own, and do not necessarily echo or represent Cointelegraph's views.
Published At
11/24/2023 1:20:00 PM
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