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Som Seif, CEO, Purpose Investments joins AdvisorAnalyst's Joseph Lamanna, to discuss the Purpose Bitcoin ETF (BTCC: TSX), the world's first bitcoin ETF, and the Purpose Ether ETF (ETHH: TSX), also another world's first. We discuss the challenge of launching these two new exchange-traded cryptocurrency funds, in the context of the inabliilty by a multitude of U.S.-based ETF firms to do so.
We get into the differences between investing in cryptocurrencies directly versus via ETF, and Som also shares is thoughts on the tracking of the ETFs against the underlying, as well as institutional versus retail transaction costs of trading bitcoin, ether, cold wallets vs. hot wallets, and how to approach position sizing in portfolios.
Finally, we ask Som Seif which of the two of bitcoin and ether, he favours.
Joseph Lamanna: [00:00:00] I'm Joseph Lamanna Managing Director AdvisorAnalyst.com. My special guest today is Som Seif, founder and CEO of Purpose Investments. Recently Purpose Investments which manages a suite of ETFs, launched the world's first Bitcoin ETF and subsequently launched, the Purpose Ether ETF. This has become a hot topic.
So today we're going to pick Som's brain about it.
Disclaimer: [00:00:23] This is the Insight is Capital podcast. The views and opinions expressed in this podcast are those of the individual guests and do not necessarily reflect the official policy or position of advisor analysts.com or of our guests. This broadcast is meant to be for informational purposes only. Nothing discussed in this broadcast is intended to be considered as advice.
Joseph Lamanna: [00:00:40] Som, welcome back to the show and congratulations. It's always a pleasure chatting with you.
Som Seif: [00:00:46] Great to be here. Joseph,
Joseph Lamanna: [00:00:48] Some American firms have been trying to launch big client ETFs in the U S for several years. Why is it so difficult to do this and what exactly were regulators concerned about?