support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 133 BLOCK: 843588 PRICE: 1540 sats per dollar TOPICS: exchange traded funds changed the paradigm, supporting open source, embracing transparency

project website: https://bitwiseinvestments.com/crypto-funds/bitcoin (https://bitwiseinvestments.com/crypto-funds/bitcoin)

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website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://www.podpage.com/citadeldispatch)https://citadeldispatch.com (https://citadeldispatch.com) nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://citadeldispatch.com/stream)https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) nostr account: ⁠ (https://primal.net/odell)https://primal.net/odell⁠ (https://primal.net/odell⁠) youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://www.youtube.com/@citadeldispatch)https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/ (https://www.fountain.fm/)

(00:00:04) WBD Intro (00:02:27) Introduction to Citadel Dispatch (00:03:01) Introduction of Hong Kim, cofounder and CTO of Bitwise, and discussion on Bitcoin ETFs (00:04:28) Challenges faced during the 6-year process of working on the Bitcoin ETF (00:07:35) Discussion on the approval process and timeline of Bitcoin ETFs by the SEC (00:15:16) Reflections on the significance of having a Bitcoin ETF and the impact on the community (00:22:36) Comparison of assets under management in the Bitcoin ETF market (00:28:26) Discussion on the model of funding open source contributors through profits from the Bitcoin ETF (00:34:41) Explanation of the long-term commitment and financial implications of funding open source contributors (00:38:04) Discussion on the success of a debut and comparison to an IPO moment (00:39:10) Comparison of the ETF moment to a state change rather than a singular event (00:40:01) Challenges faced by financial advisors in including a Bitcoin ETF in portfolios (01:18:56) Bitcoin ETFs in kind redemptions (01:19:30) Importance of Self-Custody for Bitcoiners (01:21:08) Advantages of Bitcoin ETFs and In-Kind Possibility (01:30:52) Discussion on eCash and Financial Privacy (01:46:39) Progress and Urgency in Financial Privacy