The Rise of Bitcoin ETFs
summary
Timeline of events: Jacobi files in 2021, US spot ETFs launch January 2024 and attract record inflows, ETFs quickly accumulate roughly 5% of circulating supply and contribute to an AUM surge that the presenter calls the most successful ETF launch ever. Data points: IBIT options go live, BNY Mellon gains approval for custody, Grayscale converts and holds ~235k BTC, combined ETF/holders approach ~800k BTC. Market context: ETF volume ~$1B/day vs spot $5–6B and futures $30–60B, flows are currently retail-led with some pension allocations.
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chapters (12)
- 0:00Intro
- 0:42Who is Peter Lane
- 2:42Bitcoin vs other assets
- 6:02Jurisdictions
- 7:57US dominance
- 9:50Bitcoin vs Gold
- 13:02Bitcoin Holdings
- 15:44Left Hand Chart
- 17:20Right Hand Chart
- 19:23Cost Basis
- 21:18ETF Market Share
- 24:17The Basis Trade
