ETF Trends publisher Tom Lydon discussed bitcoin and blockchain on this week’s podcast with Chuck Jaffe on the MoneyLife Show.
During the podcast episode, Lydon highlighted that blockchain and bitcoin, although related, are quite different.
“We know that blockchain is an open public public ledger and yes, bitcoin and other cryptocurrencies are traded on blockchains, but the blockchain application is also used in other areas of business,” Lydon said.
“If you want to buy a cryptocurrency ETF of bitcoin ETF, they are not available right now. They are looked at pretty regularly by the SEC, but the SEC at this point doesn’t have enough confidence to grant permission, or in the ETF world, they call it exemptive relief, allowing a bitcoin ETF to launch.”
However, Lydon pointed out that VanEck has offered up registration for a $200,000 minimum investment bitcoin offering that will be physically backed.
“That’s something to look at – it’s more along the hedge fund line as accredited investors obviously would be able to afford that,” he said. “Maybe the SEC will bite on that, it will be interesting to see.”
For more podcast episodes featuring Tom Lydon, visit our podcasts category.