Jay Jacobs is the US Head of Equity ETFs at BlackRock. In this conversation, we break down the real impact of the bitcoin ETFs on adoption, why bitcoin's volatility has compressed, and how institutions and everyday investors are approaching digital assets today. We also dig into AI as a macro market force, the entire AI value chain from power to chips to data centers, and where the ETF industry goes from here.

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0:00 - Intro
1:11 - Bitcoin ETF's real impact on adoption
3:18 - Why bitcoin's volatility has compressed
6:57 - BlackRock's bitcoin & crypto product strategy
9:13 - In-kind redemptions & borrowing against bitcoin
11:18 - AI as a macro factor & the AI value chain
22:36 - Active vs. passive investing in AI & crypto
26:29 - The rise of independent investors
28:13 - ETFs vs. mutual funds
32:05 - Inside BlackRock's ETF playbook
41:43 - Long-term investing & the generational shift in bitcoin and AI

BlackRock Confirmed Bitcoin Is Here To Stay | Jay Jacobs

The Pomp Podcast

BlackRock Confirmed Bitcoin Is Here To Stay | Jay Jacobs