Podcasts about bitcoin investment trust

In this week's episode of Off-Chain, we discuss: The state of the market: the grizzliest of bears The FTX wallet hacker dumping ETH on the market An overview of the Genesis bankruptcy situation and contagion Grayscale's Bitcoin Investment Trust - a great discount or alarm bells for the path ahead?

0:00 Intro.1:45 Start of interview.2:40 Annemarie's "origin story". She was born and raised in New Jersey. She went to the University of Delaware and later to the Catholic University of America Columbus School of Law. She got her first job at the SEC (Corp Fin) right out of law school. She spent 6 years at the SEC, 5 of them focused on international corporate finance (bringing international companies into the US securities market). Linda Quinn (ex director of Corp Fin) called it her "Chamber of Commerce." Her team's job "was to make it as easy as possible for large international companies to list in the U.S." Reg 144A, Reg S.6:07 Her time at Skadden Arps (1996-2002). She spent 5 years at the Skadden London office, 1 year in the NY office.8:16 Her transition to the New York Stock Exchange as Assistant GC (2002-2008).10:17 Her time at NYFIX as GC from 2008-2010, before it got acquired.11:50 Her role at SecondMarket as EVP Legal, GC and Corporate Secretary (2010-2015). The firm was founded by Barry Silbert and was a pioneer on secondary markets for private shares (now Digital Currency Group).17:29 Her time at Nasdaq Private Market as VP, Head of Strategy and New Markets (2015-2018). 22:27 Thoughts on carve-outs (liquidity) for founders in venture rounds (pre-exit). SecondMarket's role in helping expand the shareholder threshold from 500 to 2000 shareholders (Jobs Act, 2012) allowing private companies to stay private for longer.26:30 Her time at Templum (a registered broker dealer/alternative trading system approved to conduct primary offerings and secondary trading in unregistered digital securities) as chief strategy officer and GC (2018-2019).28:23 About her firm Liquid Advisors, a strategic advisory firm offering private placement and secondary liquidity structuring and regulatory requirement services, including for digital or token-based securities. "I'm an accidental entrepreneur."32:30 On regulation of private markets, and her response to SEC Commissioner Allison Herren Lee "Going Dark" concerns. The challenging conditions for U.S. public companies (costs of being public vs benefits of staying private).38:00 Her thoughts on the market down cycle, including the SPAC situation.42:07 Her take on blockchain and crypto. SecondMarket started trading BTC in 2012-2013. "Blockchain provides a record-keeping that is immutable." SecondMarket created a Bitcoin Investment Trust. "I'm a huge supporter of blockchain/crypto." "I've been through so many ups and downs of the [BTC] price that I don't get fazed by it anymore." "It's the best performing asset class in the last 10 years, I don't think people can keep ignoring it."51:28 Her thoughts on the regulation of crypto (President Biden's Executive Order, Governor Newsom's Executive Order). "The market has been begging for clear crypto regulations for some time." "Some states have stepped up where federal regulators have been unwilling to state how to bank or regulate these assets." Crypto friendly environments like Wyoming or Miami. 55:24 The 3 books that have greatly influenced her life:The Hobbit, by J.R.R Tolking (1937)The Lord of the Rings, by J.R.R Tolking (1954)The Harry Potter books, by J.K. Rowling (1997-2007)55:25- Who were your mentors, and what did you learn from them?  Richard Koznik, ex Associate Director, Division of Corporation Finance at the SEC.Paul Dudek, also formerly from the SEC.Georges Ugeux, formerly from NYSE.Former SEC Commissioner Richard Roberts (former director of NYFIX).56:24 - Are there any quotes you think of often or live your life by? "Nothing to be afraid of if you jump off a cliff as long as you know that you have a safety net."57:09- An unusual habit or an absurd thing that he loves: Travel junkie! Her goal is to make it to 193 U.N. countries.01:00:09 - The living person she most admires: her mom.Annemarie Tierney is the Founder and Principal of Liquid Advisors. She is a seasoned financial services lawyer/strategist with substantial SEC, law firm, and in-house legal experience, as well as experienced in broker dealer regulation, blockchain legal and regulatory issues, securities transactional work, SEC rules and regulations, corporate governance, and international expansion. __ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License 

Matt and Nic from Castle Island Ventures review the top stories of the week in the cryptoasset industry. This week's topics include:  - new SPAC for Blockchain Co's - DigixDAO treasury liquidation - Bitcoin Investment Trust is now an SEC reporting company - Bcash dev funding proposal and much more news of the week

1 World Economic Forum สนใจ  Digital Currency 2 Binance สนใจในตลาด Japan 3 งานได้ Crypto Currency/Blockchain มีกว่า 8,000 ในปี 2020 4 รายงานที่น่าสนใจจาก Greyscale Bitcoin Investment Trust ติดต่อโทร 097 991 6988 email: suppakritb@gmail.com

A Wall Street Journal (WSJ) article published today, Dec. 28, suggests that Bitcoin (BTC)’s correlation with traditional assets markets has been high in recent days. Citing data from research firm Excalibur Pro Inc., the WSJ states that the top cryptocurrency has traded at a 0.84 correlation to gold over the past five days, where -1 indicates complete inversion and +1 perfect correlation. Moreover, Bitcoin has traded at a 0.77 correlation to the Chicago Board of Options Exchange’s Volatility index (VIX), a benchmark index for the United States equity market volatility. While the WSJ frames the strong correlation between traditional markets and what the article dubs as the rebellious first cryptocurrency, Bitcoin, as something of an unexpected twist of fate, the article also offers several explanations as to why the pattern may have formed. The first is the reported influx of institutional money into the crypto space, with the WSJ citing the growth of Grayscale Investments’ over-the-counter exchange-traded fund (ETF), the Bitcoin Investment Trust, as a prime example. As per the article, the trust saw $51 million in assets under management (AUM) during its first year (2013). By the end of 2017, in the midst of the crypto market bull run, AUM had surged to around $3.5 billion. As of recently — due to the so-called “crypto winter” — the trust reportedly retains about $900 million AUM. Another factor proffered is venture capital (VC) investment. The WSJ reports that whereas in 2013, VC investment in Bitcoin and the blockchain sector was at around $96 million, this grew to $500 million in 2016 and to over $2 billion in all-time VC crypto investment through the end of 2017. The WSJ gives no fresh data for 2018. As the article notes, a pull factor for traditional capital into crypto is the building of trading services and infrastructure with high regulatory compliance; the advent of crypto futures trading, and attempts to gain broad acceptance for crypto-based ETFs. As reported, the crypto space continues to undergo far-ranging transformation; major developments on the horizon include the launch of the Bakkt Bitcoin futures exchange from Intercontinental Exchange, the launch of investment giant Fidelity’s digital assets business, and the continued influx of stalwart investors such as Yale, Harvard and Stanford Universities. --- Send in a voice message: https://anchor.fm/nolan-emmett/message

Co-hosted by D. Tyler Jenks and Leah WaldD. Tyler Jenks, the President, and CIO of Lucid Investment Strategies LLC developed the proprietary technical system of Hyperwave. After 40 years as an investment manager, he discovered over 300 examples of Hyperwaves within various asset classes; stocks, bonds, commodities, indexes, and cryptocurrencies. Through careful study, he invented and developed the Hyperwave Theory, which is a technical tool to analyze the Hyperwaves and determine price movements. Tyler believes that Bitcoin is currently in a Hyperwave and through these vlogs, he will educate, elucidate and explain the techniques needed to understand this powerful tool. Tyler has managed billions of dollars for Institutional Investors, Pension Funds, Hedge Funds and individual clients. He received his MBA from the University of Hawaii in 1975 and has been involved in the financial markets ever since. His background in technical analysis includes all the major techniques including a number of proprietary systems he and others created and designed. Tyler believes that Hyperwaves occur when there is a momentous shift taking place in the macroeconomic environment. Hyperwaves were formed as the world entered the Great Depression when Bretton Woods was scuttled with the US going off the gold standard in 1971, when Japan rose to world economic prominence in the 1970s and 80s, when the Nasdaq was powered by the dot-com bubble and now, with the introduction of Bitcoin and cryptocurrencies. Amazingly, Tyler believes this newest Hyperwave could be the most significant he has ever studied.Lucid Investment Strategies, LLC https://lucidfunds.com Tyler's Twitter: https://twitter.com/LucidInvestment Leah's Twitter: https://twitter.com/LeahWald Leah's LinkedIn: https://www.linkedin.com/in/leahwald/ Please don't hesitate to reach out if you have any questions!Bitcoin: 31qBca9jRFfux1Qsum9Ekp95MBSgCEWxt6Disclaimer: This video is based on personal opinion and experience and it should not be considered professional financial investment advice. All information and data on this video are intended for informational purposesFollow the best podcasts from the best minds in the Bitcoin and Cryptocurrency space on twitter.https://twitter.com/bitcoinpodcasts

In this live recording of a panel discussion at the CoinAlts Fund Symposium, Marco Santori, president and chief legal officer of Blockchain, managing director at Grayscale Investments, and Barbara Minuzzi, cofounder and managing partner of Ausum Ventures take stock of the 2017 year and discuss a range of trends they're seeing in the industry. Santori describes what the ICO wave was like from his seat as one of the most in-demand lawyers for ICOs, and why he doesn't actually think that securities (such as a SAFT) can later transform into something that is a non-security. He also talks about how big corporations are thinking about use blockchain technology -- and why we haven't yet seen much activity on that front in the market. We talk about the current clouds over the industry -- custody and regulation -- and Sonnenshein explains why investors choose Grayscale's investment products, such as the Bitcoin Investment Trust, rather that investing in the coin directly, and  Blockchain.info: https://blockchain.info Grayscale Investments: https://grayscale.co Ausum Ventures: https://www.ausum.vc Thank you to the CoinAlts Fund Symposium for hosting the panel: https://www.coinaltsfundsymposium.com For more on regulatory issues, check out these past episodes: Perianne Boring and Amy Kim of the Chamber of Digital Commerce on crypto regulation: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing The Tax Rules That Have Crypto Investors Aghast: http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast How Crypto and Blockchain Technology Should Be Regulated: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated Jerry Brito and Peter Van Valkenburgh of Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Caitlin Long on How 'Utility Tokens' Are Now Legal in Wyoming: http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean: http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean For more on custody issues, check out the episode with Mike Belshe of BitGo and its acquisition of Kingdom Trust: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Ethereal Summit: https://etherealsummit.com Quantstamp: https://www.quantstamp.com StartEngine: https://www.startengine.com/unchained

In this live recording of a panel discussion at the CoinAlts Fund Symposium, Marco Santori, president and chief legal officer of Blockchain, managing director at Grayscale Investments, and Barbara Minuzzi, cofounder and managing partner of Ausum Ventures take stock of the 2017 year and discuss a range of trends they're seeing in the industry. Santori describes what the ICO wave was like from his seat as one of the most in-demand lawyers for ICOs, and why he doesn't actually think that securities (such as a SAFT) can later transform into something that is a non-security. He also talks about how big corporations are thinking about use blockchain technology -- and why we haven't yet seen much activity on that front in the market. We talk about the current clouds over the industry -- custody and regulation -- and Sonnenshein explains why investors choose Grayscale's investment products, such as the Bitcoin Investment Trust, rather that investing in the coin directly, and  Blockchain.info: https://blockchain.info Grayscale Investments: https://grayscale.co Ausum Ventures: https://www.ausum.vc Thank you to the CoinAlts Fund Symposium for hosting the panel: https://www.coinaltsfundsymposium.com For more on regulatory issues, check out these past episodes: Perianne Boring and Amy Kim of the Chamber of Digital Commerce on crypto regulation: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing The Tax Rules That Have Crypto Investors Aghast: http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast How Crypto and Blockchain Technology Should Be Regulated: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated Jerry Brito and Peter Van Valkenburgh of Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Caitlin Long on How 'Utility Tokens' Are Now Legal in Wyoming: http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean: http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean For more on custody issues, check out the episode with Mike Belshe of BitGo and its acquisition of Kingdom Trust: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Ethereal Summit: https://etherealsummit.com Quantstamp: https://www.quantstamp.com StartEngine: https://www.startengine.com/unchained

Wharton Alternative Investments Initiative and the Penn Blockchain Club hosted a fireside chat with Michael Sonnenshein, Managing Director at Grayscale Investments. With $3bn AUM, Grayscale Investments is the sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, and the Zcash Investment Trust. Sarah Hammer, Senior Director of the Wharton Alternative Investments Initiative, speaks with Michael about the basics of blockchain, the growth of cryptocurrencies, and the dynamics of and changing regulatory environment for digital investing. Michael Sonnenshein joined Grayscale Investments in January 2014. As Managing Director, he is responsible for overseeing the daily operations and growth of the Grayscale business, spanning sales, operations, product development, and investor relations. With $2+ Billion in assets under management, Michael is responsible for maintaining many of the firms’ key client relationships including family offices, hedge funds, and other institutions as well as forming strategic partnerships and evaluating service providers. Prior to joining Grayscale, Michael was a financial advisor at JP Morgan Securities, covering HNW individuals and institutions. He also worked in a similar capacity at Barclays Wealth, providing coverage to middle‐market hedge funds and institutions. Mr. Sonnenshein earned his Bachelors of Business Administration from the Goizueta Business School at Emory University and an MBA from the Leonard N. Stern School of Business at New York University. He holds his Series 7 and 66 licenses.

When I was a kid my mother had made something called Swiss Chard, a dark green leafy vegetable. To me, as a kid, it was disgusting, I could barely swallow it without initiating a gag reflex. One night while we were eating dinner I was attempting to gag down another mouthful of that and my dad, who was tired of watching me wrench in pain said, "Ok, enough, you don't have to eat anymore of it!". And with that I promptly spit out what was in my mouth. To which my dad retorted, "I didn't mean for you to spit out what you were already eating!!". But I was relieved! I'm looking at Bitcoin...who isn't!!? And there are two sides to that coin; there is an irresistible pull to jump in on the ever-higher price and try to get some of that for yourself. And then, there is the other side, which might initiate a gag reflex; with no regulation, or history of funding illegal activity, and so forth. I prefer a two-sided market where there are opportunities to participate in such great trends. After years of working with investments I find it unsettling to buy on the high! But, the notion of the decentralized crypto-currencies is very cool and has some promise of impacting our banking system and many other industries. So, what do you do? I have been looking at some Bitcoin-correlated instruments that have some of the upside potential without some of the less-favorable characteristics of Bitcoin. For example, GBTC, the Bitcoin Investment Trust has some volatility that can prove valuable; however, there are no options so you are working with the instrument directly. Of course there are other crypto-currencies such as Litecoin and Ethereum. If you are going to jump in to these then make sure you are using funds that you are willing to expose to a high amount of risk. In the meantime, while I really like the crypto-currency opportunities, I keep my portfolio well diversified. This means I continue to look for good ETF and Stock opportunities. For the ETFs I am usually tracking SPY, DIA, QQQ, and the Spyder ETFs life XLF and others. My algorithms identify high-probability opportunities on Dow Jones stocks and ETFs; and I track these in my Signal Reports...you can see an example on FinancialInvestingRadio.com (see: https://www.youtube.com/watch?v=PriK5_gokKM). Luckily my parents found some vegetables that were still good for me, but didn't have some of the downside issues. In our investing, we need to do the same; pick those instruments that help us PROTECT OUR INVESTMENT CAPITAL while growing at a reasonable rate. Until next time, Trade with your Brain!

Hello, welcome to episode 23 of The Bitcoin Game, I'm Rob Mitchell. I decided to experiment with buying Bitcoin a new way; I bought shares of the Bitcoin Investment Trust. The trust is the first, and I believe the only current way a U.S. citizen can add an investment in Bitcoin to a recognized retirement account. You can buy shares of the Bitcoin Investment Trust with symbol GBTC using a standard brokerage account, just like buying a stock or ETF. You could argue that one doesn't actually own Bitcoin with these shares, since a third party holds the private keys, and there are inherent risks — just ask Patrick Byrne. But the fund, and this episode, are likely skewed slightly towards people interested in investing in Bitcoin for the long term, using an investing platform they are already familiar with, while shielding themselves from the learning curve still required to hold Bitcoin securely. In today's episode I speak with Michael Sonnenshein, director of Sales & Business Development for Grayscale, one of several companies founded by Barry Silbert. Based on Grayscale's first quarter financials, the total number of Bitcoin Investment Trust shares sold was approximately 1.41 million, which has a value of over $37 million dollars (at the current rate of $265/Bitcoin). Potential fund buyers need to make sure they understand the risks associated with Bitcoin, investing in Bitcoin using a fund, as well as the fees and premiums that are associated with buying this fund. Would you ever buy shares of the Bitcoin Investment Trust, or recommend it? Please let me know your thoughts by commenting below! 7/19/16 Update: For anyone who bought GBTC (Bitcoin Investment Trust) back when this episode aired, the gains have substantially surpassed a 100% investment in Bitcoin. I will go on a limb and say this is because the demand for GBTC has been a lot greater than the supply (probably due to mainstream and retirement investors wanting Bitcoin exposure). So the market price of GBTC is way above the net asset value of the Bitcoin that the trust holds. With two new Bitcoin ETFs expected in coming months/years, it's possible that new Bitcoin investment vehicles will cool off the demand for GBTC, so I'm not sure if buying GBTC on the open market is wise at current values. However, if you're a "qualified investor" who is up for a large initial investment and year waiting period, you can buy GBTC at par with the current price of Bitcoin, so that may be a smarter investment (if you believe in Bitcoin, and don't think we'll have a financial/societal "reset" before then). Of course, anything could happen to Bitcoin and/or GBTC. And be very aware, I'm definitely not an investment advisor, this is just my amateur read of the situation. MAGIC WORD Listen for the magic word, and submit it to your LetsTalkBitcoin.com account to claim a share of this week's distribution of LTBcoin. Listeners now have a full week from the release date to claim a magic word. The magic word for this episode must be submitted by 1:00 pm Pacific Time on August 21, 2015. SHOW LINKS Keynote 2015 http://www.keynote2015.com Patrick Byrne on "owning" stock, via Reason http://reason.com/archives/2015/04/09/patrick-byrne/4 Bitcoin Investment Trust http://grayscale.co/bitcoin-investment-trust Michael Sonnenshein's Twitter https://twitter.com/sonnenshein Barry Silbert's Twitter https://twitter.com/barrysilbert DCG (Digital Currency Group) http://dcg.co Genesis (Over The Counter Bitcoin Trading) http://genesistrading.com Grayscale http://grayscale.co Xapo https://xapo.com Bitcoin Investment Trust (GBTC) Price Chart http://www.nasdaq.com/symbol/gbtc/stock-chart What's an Accredited Investor? https://en.wikipedia.org/wiki/Accredited_investor SPONSOR Bitcoin Keychains by Bkeychain You've seen these keychains on dozens and dozens of websites, it's about time you had one of your own! These substantial metal keychains make great conversation starters, and they also make great gifts to or from Bitcoiners. You can find a list of online retailers at Bkeychain.com, and several support Bitcoin so much, they don't even accept fiat currency. So what are you waiting for? http://Bkeychain.com MUSIC All music in this episode was created by me, or with friends and family. Ganesh Painting Company is the name of one of the jam bands I feature live recordings of regularly. Some of the musicians you're hearing are Mike Coleman, Rick Marshal, Steve Lunn and Mark Denham. Some music loops you hear were created using Animoog (by Moog Music) and Figure (by Propellerhead). Please contact me if you want more info about any music you hear on the podcast. STAY IN TOUCH https://Twitter.com/TheBTCGame http://TheBitcoinGame.com Email me at Rob at TheBitcoinGame.com Thanks for listening! Bitcoin tip address: 1G8HDg5EsPQpamKYS2bDya9Riv9xv1nVo5 The Bitcoin Game box artwork created from an illustration by Rock Barcellos.

This week we Lopp it off and talk about the Bitcoin Investment Trust.