In this week’s zany episode, Miguel Kudry from L1 Advisors gives us the lowdown on holding crypto like a boss vs. playing it safe with ETFs. Spoiler alert: 2025 is going to be nuts!
And then, Crews Enochs from Index Coop takes the hot seat in ‘Ask an Expert’ – because who doesn’t love a good Q&A sesh? 🙋♂️
– Sarah Morton
You’re tuned into Crypto for Advisors, CoinDesk’s weekly newsletter that’s more fun than a barrel of digital monkeys. Subscribe here for your Thursday crypto fix.
Crypto’s Blurry Future: ETFs and Direct Ownership Mingle in 2025
2024 was the year crypto went bungee jumping with the launch of spot ETFs. They skyrocketed faster than a rocket on steroids, raking in a whopping $134 billion! But hold onto your hats, because 2025 is where the real fun begins.
Enter the Age of In-Kind Redemptions
Remember when the SEC said “No soup for you!” to in-kind redemptions? Well, 2025 is when we all get our soup – and it’s crypto-flavored! BlackRock is already trying to change the rules so you can trade your Bitcoin ETF for the real McCoy. Talk about liquidity!
Investors Rejoice (Or Panic?)
All those crypto-rich kids with their low-basis assets were too scared to jump into ETFs. But now, with in-kind redemptions, they can dive in tax-free! Meanwhile, traditional investors can swap their ETFs for actual crypto and explore the wild west of DeFi. Yeehaw!
Regulatory Rainbows and Silver Linings
Say goodbye to SAB-21 and hello to banks that finally want to play with crypto. Coinbase is already leading the charge with a Bitcoin-backed lending product. Get ready for a financial free-for-all!
The Great Convergence: TradFi Meets DeFi
2025 is when the lines between TradFi and DeFi get so blurry, you’ll need a magnifying glass to tell them apart. Investors will be dipping their toes in both worlds, creating a financial whirlpool of excitement.
In the end, it’s not just about choosing ETFs or direct ownership – it’s about how these crypto shenanigans are shaking up the whole financial world. Get ready for a wild ride!
– Miguel Kudry, CEO, L1 Advisors
Ask an Expert
Q. What’s the real difference between on-chain crypto and ETFs?
On-chain crypto is like a VIP pass to the crypto party – you get all the perks, all the time. ETFs are like watching the party from your living room.
Q. How does self-custody beat ETFs in the flexibility game?
Transferring ETFs is like trying to untangle a knot with gloves on. Self-custody? It’s like having a pair of scissors. Snip, snip, done!
Q. Will future AI overlords prefer ETFs or on-chain assets?
AI will choose on-chain assets – no KYC, no waiting, just pure, unadulterated crypto fun. DeFi is where it’s at for our robot overlords.
– Crews Enochs, ecosystem growth lead, Index Coop
Note: The views expressed here are as quirky as the crypto market itself and may not reflect CoinDesk’s official stance.
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2025-01-30 19:08