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Why the new U.S.-based Bitcoin ETFs are a bad idea and will underperform Bitcoin.Topics covered include:What fund and ETF options are available for investing in BitcoinWhy the U.S. has only authorized Bitcoin ETFs that invest in Bitcoin futures even though there are closed-end funds that hold Bitcoin directlyWhat is there a regulatory battle surrounding cryptocurrencies?How closed-end funds differ from ETFsHow Bitcoin futures workWhy Bitcoin ETFs that invest in Bitcoin futures will lag the performance of owning Bitcoin directlyWhy investors should avoid the new U.S. Bitcoin ETFsThanks to Policygenius and Justworks for sponsoring the episode.For more information on this episode click here.Show NotesSEC Set to Allow Bitcoin Futures ETFs as Deadline Looms by Katherine Greifeld, Vildana Hajric, and Benjamin Bain—BloombergU.S. SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West' Katanga Johnson—ReutersBitcoin Strategy ETF—ProSharesPurpose Bitcoin ETF—Purpose InvestmentsGrayscale® Bitcoin TrustOsprey Bitcoin TrustJacobi receives approval for "world’s first tier one" bitcoin ETF—Funds EuropeRemarks Before the Aspen Security Forum by Chair Gary Gensler—U.S. Securities and Exchange CommissionCoinbase abandons lending product after SEC pushback by Hannah Murphy and Stefania Palma—Financial TimesCoinbase calls for creation of dedicated crypto regulator by Hannah Murphy and Stefania Palma—Financial TimesFirst bitcoin futures ETF to make its debut Tuesday on the NYSE, ProShares says by Tanaya Macheel—CNBCRustication by Dennis J. Pogue—Mount Vernon Ladies' AssociationIs Thomas Jefferson’s Monticello Constructed of Rammed Earth?—Earth ArchitectureWhat is Roll Yield and How It Impacts Bitcoin, Commodity, and VIX ETF Returns—Money For the Rest of UsRelated Episodes355: Which Money Is Crazier: The U.S. Dollar or Bitcoin?319: Here Come Central Bank Digital CurrenciesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.