Bitcoin ETFs Unlock a Wall of Money with Steven McClurg & Jeff Kilburg

“Think of 10,000 people sitting outside the amusement park trying to get in, that’s the institutional investment community…that’s the next leg higher, that’s $100K Bitcoin.”— Jeff KilburgLocation: RemotelyDate: Tuesday 20th AprilCompany: ValkyrieRole: CIO, PartnerSince the Winklevoss applied for the first Bitcoin ETF in 2013, many Bitcoin ETFs have been filed and rejected. Since then, the Bitcoin market has matured, and with every rejection, those applying for ETFs gain more clarity on how one could eventually be approved. While there have been successful filings of ETFs in Canada and Brazil, these are smaller markets, and an ETF in the US would be a game-changer. With a growing number of applications piling up and more and more of the SEC’s objections becoming resolved, it seems inevitable that a US ETF will be approved.A Bitcoin ETF would unlock access and liquidity for a massive pool of individuals, pensions, and other institutions that are stuck waiting on the sidelines and offer an option to those who want to remain in the traditional financial rails but gain exposure to bitcoin. The traditional investment world utilizes the security and established plumbing surrounding ETF vehicles to connect assets with IRAs, 401Ks, and even larger structures like endowment funds.In this episode, I talk to Steven McClurg and Jeff Killburg from Valkyrie. We discuss why Bitcoin ETFs are a game-changer, pent up institutional demand, and how soon they are coming.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD337 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.