support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE: 133BLOCK: 843588PRICE: 1540 sats per dollarTOPICS: exchange traded funds changed the paradigm, supporting open source, embracing transparencyproject website: https://bitwiseinvestments.com/crypto-funds/bitcoin new to nostr? check out https://primal.net website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.comnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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