April 11, 2025
DeFi Decoded Podcast
"ETFs were built to be trading vehicles... they're very efficient ways to move risk around in a portfolio." – James Seyffart
Join Alex Tapscott and Andrew Young as they decode the world of Web3 with special guest James Seyffart, ETF Research Analyst at Bloomberg Intelligence. Listen in as they discuss what’s happened with ETFs amid this past week’s market turmoil, the meaning of terms like ‘bearish but long’ and ‘Vanguard put,’ and how they relate to current investing trends, where most ETF flows are going, ETF trading volumes by asset class, key indicators to watch for gauging market sentiment, whether James sees any signs of market strain from the ETF lens, thoughts on new products that short leveraged ETFs, the influx of crypto ETF filings, whether the SEC will greenlight staking for crypto ETFs, the pros and cons of gaining crypto exposure through public corporation vehicles versus ETFs, the collapse in Grayscale’s Solana Trust premium and what it signals for SOL ETFs, how institutional investors are thinking about Bitcoin, the crypto market outlook for the second half of the year, the recent divergence between Bitcoin and crypto equities, and more.
TIMESTAMPS
[0:00] Introduction
[2:00] Market Turmoil and ETF Dynamics
[6:08] ‘Bearish But Long’ & ‘Vanguard Put’
[10:20] Where ETF Flows are Heading
[11:12] ETF Trading Volumes by Asset Class
[15:06] Key Indicators for Market Sentiment
[17:33] Signs of Strain in the Market from ETF Lens
[21:05] Trend of Products Shorting Leveraged ETFs
[23:35] Surge in Crypto ETF Filings
[25:35] SEC’s Stance on Staking for ETFs
[28:22] Crypto Public Co Vehicles vs. ETFs
[32:43] GSOL Premium Collapse and What It Means
[36:14] Institutional Investors’ Perspective on Bitcoin
[42:29] Crypto Market Outlook for H2 2025
[47:55] Divergence Between Bitcoin & Crypto Equities
[53:39] Conclusion
Part of Ninepoint’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.
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