Latest / The Paul Barron Crypto Show / Institutional Crypto ETF FOMO?🚨21 Shares🔥Solana Accelerate Miami 2026

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Institutional Crypto ETF FOMO?🚨21 Shares🔥Solana Accelerate Miami 2026 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Here we go on our last interview here on Accelerate
• 0:03
  Speaker 1: at the Solana event.
• 0:04
  Speaker 2: It's been an absolute joy with everyone.
• 0:06
  Speaker 1: Hopefully you guys have enjoyed these videos and today it's
• 0:09
  Speaker 1: going to be fun because we've got an ETF king
• 0:12
  Speaker 1: in the house, we'll call it, and that's twenty one
• 0:14
  Speaker 1: Shares coming in Duncan.
• 0:15
  Speaker 2: Nice to see you, how a right, thank you well,
• 0:17
  Speaker 2: thanks for having me so twenty one Shares.
• 0:19
  Speaker 1: Not a lot of people are fully aware in the
• 0:22
  Speaker 1: Solona community about what ETFs have been doing, but there
• 0:26
  Speaker 1: has been a lot of activity in this space. Twenty
• 0:29
  Speaker 1: one Shares one of the i would say more innovative
• 0:32
  Speaker 1: companies that have been able to kind of lead the charge.
• 0:35
  Speaker 1: What are you guys up to right now that you
• 0:37
  Speaker 1: can say, hey, here's something new or here's where we
• 0:40
  Speaker 1: think the market's going.
• 0:41
  Speaker 3: Absolutely so yeah. I mean ETFs have been around for
• 0:44
  Speaker 3: a couple of years in the US and ETPs for
• 0:47
  Speaker 3: probably eight years longer in Europe. Right what we're doing
• 0:51
  Speaker 3: now is looking at new assets to bring to market.
• 0:53
  Speaker 3: So what's new for the investor? They have bitcoin, you know,
• 0:57
  Speaker 3: they have e Solana. What is is what's the next
• 1:00
  Speaker 3: asset that they should be looking at SURE and trying
• 1:03
  Speaker 3: to bring it in an innovative way to the end investor.
• 1:07
  Speaker 3: So single coins, baskets active all on the cards?
• 1:12
  Speaker 2: Do you when you look at it?
• 1:13
  Speaker 1: Because right now it's been the single token ets that
• 1:16
  Speaker 1: have been very popular here in the US, whether it's
• 1:19
  Speaker 1: a THEEUM, what we've seen with obviously the success on
• 1:21
  Speaker 1: bitcoin and now even XRP and Hedera have all started
• 1:25
  Speaker 1: to go out in many of these products. When you
• 1:28
  Speaker 1: look at that and the success that we've seen and
• 1:31
  Speaker 1: no clarity and we'll talk about then the second. Has
• 1:34
  Speaker 1: this been an appetite that has mostly been driven by
• 1:37
  Speaker 1: institutional capital?
• 1:39
  Speaker 3: I think it's a mix and it really depends on
• 1:41
  Speaker 3: which issuers offering which product. Some issurers are stronger with
• 1:45
  Speaker 3: the advisor, community site, retail, some of the institutions, and
• 1:49
  Speaker 3: I would say there's been quite a bit of pent
• 1:51
  Speaker 3: up demand for these products. We also see the whales
• 1:55
  Speaker 3: moving across SURE kind of interesting, like you think that
• 1:58
  Speaker 3: they would be like the the natives, the maxis they
• 2:01
  Speaker 3: want to hold crypto easier to hold an ETF in
• 2:03
  Speaker 3: many cases.
• 2:05
  Speaker 1: What do you make of these new products that are
• 2:06
  Speaker 1: being launched? You look at micro strategy we've had their
• 2:10
  Speaker 1: team on. Now they're getting into more structured instruments. Stretch
• 2:15
  Speaker 1: is a good example of one. Do you think we'll
• 2:18
  Speaker 1: start to see more dynamics around those kinds of financial
• 2:21
  Speaker 1: instruments flooding the market or do you think it's going
• 2:25
  Speaker 1: to take some time for those kind of things to
• 2:26
  Speaker 1: take part.
• 2:27
  Speaker 3: I think we'll see more of them for sure. I
• 2:29
  Speaker 3: think the STRC the preferred chair of strategy is a
• 2:33
  Speaker 3: representation of I think the demand that we have now
• 2:35
  Speaker 3: from more types of exposure within the crypto ecosystem. So
• 2:39
  Speaker 3: this is a yield product. We see yield based ETFs
• 2:42
  Speaker 3: coming out as well, and I think that just reflects
• 2:45
  Speaker 3: where the market is going. They want more than just
• 2:48
  Speaker 3: delta one spot exposure.
• 2:50
  Speaker 1: Yeah, obviously we have seen the success mostly leaning into
• 2:55
  Speaker 1: structured capital. We also are seeing to your point where
• 3:00
  Speaker 1: and some retail starting to navigate in this. Do you
• 3:03
  Speaker 1: think that has been held back by what has been
• 3:07
  Speaker 1: really been dictated to the market around regulation. Now Clarity
• 3:11
  Speaker 1: gets a little bit of green light. We're not there yet,
• 3:15
  Speaker 1: but it looks like we might have a markup. Is
• 3:17
  Speaker 1: that the maybe the thing that has been holding the
• 3:21
  Speaker 1: back the market from really going all in or do
• 3:24
  Speaker 1: you think it's more of an investment strategy thesis.
• 3:27
  Speaker 3: I mean, I think the health of the market also
• 3:33
  Speaker 3: will result in sure the flow is coming in and out.
• 3:36
  Speaker 3: I wouldn't say retail have held back. What I think
• 3:38
  Speaker 3: is that there have been blockers in the way. Not
• 3:40
  Speaker 3: all intermediary companies have been comfortable offering crypto exposure crypto
• 3:45
  Speaker 3: ets and with things like Clarity, it's just an indication
• 3:50
  Speaker 3: that the powers that we are supportive of the asset
• 3:54
  Speaker 3: class that will give confidence to those intermediary companies the platforms,
• 3:59
  Speaker 3: the wirehouse is to offer crypto ETFs to the end
• 4:02
  Speaker 3: investors and then we see.
• 4:04
  Speaker 2: The flow well.
• 4:05
  Speaker 1: And this also starts to open up the coffers for
• 4:09
  Speaker 1: a lot of the private investment communities out there, family offices,
• 4:12
  Speaker 1: private capital. What we'll see in some of these investment funds, retirements, etc.
• 4:18
  Speaker 1: That could really play into this. That is a big
• 4:21
  Speaker 1: I think that is going to be one of the
• 4:23
  Speaker 1: biggest potential market booms that we'll see moving into the market.
• 4:26
  Speaker 2: But is there any other.
• 4:27
  Speaker 1: Area that you think could become maybe a unicorn in
• 4:31
  Speaker 1: terms of an opportunity of investing in digital assets that
• 4:35
  Speaker 1: maybe hasn't been really talked about.
• 4:37
  Speaker 3: I think decentralized exchanges are a big theme right now.
• 4:42
  Speaker 3: We're seeing a lot of interest in getting exposure to that.
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  Speaker 3: So hyper liquid would be one name I would call out.
• 4:49
  Speaker 3: We just launched a leverage, the hyper liquid or hype
• 4:52
  Speaker 3: ETF in the US, and it's completely different.
• 4:55
  Speaker 2: Profile in terms of the investor.
• 4:58
  Speaker 3: For the investor and for the asset. It's an asset,
• 5:01
  Speaker 3: it's a you know, a platform that can make money
• 5:04
  Speaker 3: in good and bad markets because it makes money from volatility,
• 5:07
  Speaker 3: from trading, and so again it's another piece for an
• 5:12
  Speaker 3: investor's portfolio that they don't have exposure.
• 5:14
  Speaker 1: To now well, and I think you're going to see
• 5:16
  Speaker 1: a lot of the hype type projects that start to
• 5:21
  Speaker 1: really innovate now that we've got more structure, that could
• 5:25
  Speaker 1: create more hyper liquid type companies out there for sure.
• 5:28
  Speaker 1: With that being the case, how do you guys select
• 5:32
  Speaker 1: what you choose to put into an ETF?
• 5:34
  Speaker 3: Is there?
• 5:34
  Speaker 2: What's the process?
• 5:35
  Speaker 3: Well, we're fortunate to have quite a large research team,
• 5:38
  Speaker 3: a large research team, a large capital markets team as well,
• 5:41
  Speaker 3: who understand the space very well. It's down to client demands.
• 5:46
  Speaker 3: It's down to the view, forward looking view of the
• 5:49
  Speaker 3: research team and our kind of network as well. So
• 5:54
  Speaker 3: the service providers, liquidity providers, their view on the market,
• 5:58
  Speaker 3: their big input to how we decide what to take
• 6:01
  Speaker 3: in the market.
• 6:01
  Speaker 1: Yeah, what about you know, the amount of capital deployment.
• 6:05
  Speaker 1: Many people have said, listen, money markets, We're seeing trillions
• 6:09
  Speaker 1: and trillions that could be deployed, depending on what percentage
• 6:13
  Speaker 1: of a portfolio, depending on what you.
• 6:16
  Speaker 2: Know investment advisor you talk to.
• 6:18
  Speaker 1: Some will say it's one percent, some say as much
• 6:20
  Speaker 1: as five percent.
• 6:22
  Speaker 2: You know, I was listening to Arrington the other day.
• 6:24
  Speaker 1: Then you look at you know, Bells, there's so many
• 6:29
  Speaker 1: that have kind of gone this direction of more in
• 6:31
  Speaker 1: the tune of maybe a five and plus percent deployment
• 6:36
  Speaker 1: into digital ad Do you think that's a reality?
• 6:39
  Speaker 3: I think on average around five percent is probably right.
• 6:42
  Speaker 3: But it really depends on the investor, the the risk
• 6:45
  Speaker 3: and reward trade off that they have, and the assets.
• 6:50
  Speaker 3: Don't forget that bitcoin has a volatility of other assets.
• 6:54
  Speaker 3: Therefore the sizing would would be reflecting book profect.
• 6:58
  Speaker 2: It was Mike a digital digital h he.
• 7:02
  Speaker 1: I could not see fathom that kind of deployment in
• 7:07
  Speaker 1: the environment that we're in right now, because it seems
• 7:09
  Speaker 1: like right now it's a very not even a walk
• 7:12
  Speaker 1: before you run, it's a crawl before you run kind
• 7:14
  Speaker 1: of thing. Do you think that's something that can happen
• 7:18
  Speaker 1: in the next twelve months, next two years?
• 7:21
  Speaker 2: What is the market?
• 7:22
  Speaker 3: I mean the market today is although we've seen a
• 7:25
  Speaker 3: bit of a recovery more in the last few days,
• 7:28
  Speaker 3: it is a bit more risk off. What I'd say
• 7:30
  Speaker 3: is a lot of leverages come out to crypto. Okay,
• 7:33
  Speaker 3: so we haven't seen that in other asset classes. So
• 7:36
  Speaker 3: I would say that crypto looks like a more attractive
• 7:39
  Speaker 3: place to put your money than equities today. If we
• 7:43
  Speaker 3: see an escalation of things in the Middle East.
• 7:45
  Speaker 2: We are at seventy three hundred right now in the
• 7:46
  Speaker 2: S and P.
• 7:47
  Speaker 1: So yeah, that's a good point to the sense of
• 7:51
  Speaker 1: does it continue to go up?
• 7:52
  Speaker 2: Will you see a rotation of capital?
• 7:54
  Speaker 1: We saw that coming out of metals into basically S
• 7:57
  Speaker 1: and P five hundred, that of course could start to
• 8:00
  Speaker 1: move into risk assets and digital assets being.
• 8:03
  Speaker 2: Big part of that.
• 8:04
  Speaker 1: Any kind of products that you feel are next up that.
• 8:08
  Speaker 2: You guys could talk about the ets.
• 8:11
  Speaker 3: I mean, you look at traditional traditional finance and ETFs
• 8:16
  Speaker 3: and the way that it's moving from passive to active.
• 8:21
  Speaker 3: We see the same in crypto ETFs. Right. We think active,
• 8:25
  Speaker 3: actively managed funds, actively managed products in crypto are going
• 8:29
  Speaker 3: to be a big thing over the coming years, and
• 8:31
  Speaker 3: it's something that we are paying close attention to and
• 8:34
  Speaker 3: working on internally well.
• 8:35
  Speaker 1: And I think the concern right now is what is
• 8:37
  Speaker 1: going to be a yield product coming out of stable coins.
• 8:41
  Speaker 2: We've seen a large amount.
• 8:42
  Speaker 1: Of stable well, if you look at the two market
• 8:44
  Speaker 1: caps of the big players, Tether and Circle, there's been
• 8:48
  Speaker 1: nothing but upward growth there. I mean, Taylor is constantly
• 8:51
  Speaker 1: menting new stable coins. But my question is if the
• 8:55
  Speaker 1: yield products aren't quite as juicy, does it change the
• 8:59
  Speaker 1: way someone holds conservative capital and they really really reconsider
• 9:05
  Speaker 1: their deployment strategy instead of going into stable coins and
• 9:08
  Speaker 1: maybe trying to do a loop or putting it into
• 9:11
  Speaker 1: something like a gito soul in Delido through.
• 9:15
  Speaker 3: The interesting options. I think the let's not forget that
• 9:19
  Speaker 3: the main users of stable coins today are perfectly happy
• 9:23
  Speaker 3: not having yields. There's a utility to holding a stable coin,
• 9:25
  Speaker 3: which is liquidity and the easy movement of that of
• 9:29
  Speaker 3: that asset and so it has product market fits. What
• 9:33
  Speaker 3: the what we're looking at for with yield offerings from
• 9:37
  Speaker 3: stable coins is opening up to a much broader market
• 9:40
  Speaker 3: than exists today.
• 9:42
  Speaker 1: Well, I think that's Uh, that's the big win right there,
• 9:45
  Speaker 1: because it's gonna really start to make people think about
• 9:47
  Speaker 1: digital assets differently and maybe for the first time, say hey,
• 9:51
  Speaker 1: this really needs to be like a stock portfolio.
• 9:54
  Speaker 3: I mean, if we run an active mendate, we want
• 9:57
  Speaker 3: to include if we've get a cash asset, we would
• 9:59
  Speaker 3: prefer cash as sure the yields. It's better for the investor.
• 10:03
  Speaker 2: If you looked.
• 10:04
  Speaker 1: At the market over the next year. Last question, and
• 10:08
  Speaker 1: you're concerned with anything right now from a macro environment, yeah,
• 10:12
  Speaker 1: are you watching what the FED is doing? Are you
• 10:15
  Speaker 1: looking at current inflation here in the US? That dictates
• 10:18
  Speaker 1: how you guys are approaching the market.
• 10:21
  Speaker 3: Very much in our view, in the research team's view
• 10:24
  Speaker 3: and the strategy team's view on the market, and how
• 10:26
  Speaker 3: we talk to clients. I would say the like everybody,
• 10:29
  Speaker 3: we're paying close attention to what's happening with Iran and
• 10:32
  Speaker 3: the Straits. If we see a continued blockade of that
• 10:36
  Speaker 3: and prices at the pump increase the impact of inflation,
• 10:41
  Speaker 3: and then the decisions that people need to make on
• 10:44
  Speaker 3: interest rates will usually affect crypto prices, risk assets in general.
• 10:50
  Speaker 3: So it's something we're paying attention to. I think the
• 10:53
  Speaker 3: jury's out right now on which way that's going to go,
• 10:57
  Speaker 3: because there'll be difficult decisions to make.
• 10:59
  Speaker 2: Well.
• 10:59
  Speaker 1: It's it's an interesting conundrum because you you have a
• 11:03
  Speaker 1: retail investor in crypto that has come through maybe all
• 11:07
  Speaker 1: the way from the twenty seventeen bull runs, twenty one
• 11:10
  Speaker 1: bull runs. They're now, you know, going through this most
• 11:14
  Speaker 1: recent bull run with bitcoin hitting an all time high
• 11:17
  Speaker 1: around one twenty five, and you know, that's a completely
• 11:21
  Speaker 1: different frame of investor completely than what we've seen on
• 11:26
  Speaker 1: the S and P five.
• 11:26
  Speaker 3: Hundred, which is very different mindset, very different cost spaces.
• 11:29
  Speaker 3: There's like two different markets absolutely, and I think we
• 11:32
  Speaker 3: have seen pretty stable flows for ETFs crypto ETFs. As
• 11:38
  Speaker 3: a result, we had a couple of months and negative
• 11:40
  Speaker 3: flows in the US. Europe's been pretty consistent, okay, small
• 11:44
  Speaker 3: positive flows. It's now starting to turn, so we're seeing
• 11:47
  Speaker 3: money come back into the base.
• 11:49
  Speaker 2: Listen.
• 11:49
  Speaker 1: I talked to Eric boushunas many times Jeff Sayferd about this.
• 11:53
  Speaker 1: They're you know, the Bluebird Twins for ETFs, and they
• 11:57
  Speaker 1: just keep telling me, Paul, this is gonna there's gonna
• 11:59
  Speaker 1: be so many of these out there, it's going to
• 12:02
  Speaker 1: be untrackable almost in the sense of where these digital
• 12:05
  Speaker 1: assets are starting to move. So this market is definitely
• 12:07
  Speaker 1: heating up. Duncan, thanks for coming in today.
• 12:09
  Speaker 2: We appreciate it.
• 12:17
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• 12:20
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• 12:23
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• 12:24
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