21Shares co-founder and President Ophelia Snyder joins "First Mover" to discuss the reception of bitcoin and digital assets by advisors and intermediaries following the spot bitcoin ETF approvals in the U.S. earlier this month. "We're now shifting into a world where not having an opinion is having an opinion," Snyder said.
This spot. Bitcoin ETF update is presented by Grayscale, the world's largest crypto asset manager. One of the really interesting things we've seen has just been the reception by advisors and by um intermediaries there really interested in this. And I think the most fundamental shift is not having an opinion about Bitcoin specifically was both not a problem and the default and a perfectly acceptable stance. We're now shifting into a world where not having an opinion is having an opinion. That's a very big change, right? You can't just say, well, I don't have an opinion on this. We can't access it anyway, it doesn't matter or it's irrelevant. I'm not going to look at it. You, you now actually have to have an answer to this. Um A as an advisor, as an intermediary um as an institutional investor of all sorts of different sizes. That's a very big shift.
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