Direct Held Bitcoin ETF with in kind redemption with Jeff Yew, CEO, Monochrome SLP586
While many debate the pros and cons of Bitcoin ETFs, joining us for this episode is Jeff Yew, CEO of Monochrome, doing a directly held Bitcoin ETF in Australia. We chat about the fees, the custody, the ethos, being able to contribute bitcoin or redeem bitcoin, institutional adoption and Bitcoin in Australia. Timestamps: (00:00) - Intro (00:53) - Monochrome’s role in bringing Bitcoin ETFs to Australia (02:48) - Timeline of different Bitcoin ETFs in Australia (03:58) - Influence of US Spot Bitcoin ETFs on the Australian Bitcoin ETFs (06:15) - Different types of Australian Bitcoin ETFs and implications for investors (13:32) - Fee structure of Monochrome (IBTC) Bitcoin ETF (19:00) - In-kind vs. Cash-create (24:55) - Loans against Bitcoin ETFs in the future? (29:05) - Buying Bitcoin on an exchange vs buying Bitcoin ETFs (31:48) - How does Monochrome store its Bitcoin? (33:37) - Sponsors (36:49) - Are institutions good for Bitcoin? (43:07) - Safety in numbers (46:53) - Bitcoin adoption in Australia compared to USA Links: https://x.com/jeffyew_ https://x.com/Monochromeasset Sponsors: Swan.com (code LIVERA) CoinKite.com (code LIVERA) Mempool.space Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack