# Bits + Bips: Why Bitcoin Has the Least to Gain From the Clarity Act

Page: https://stenobird.com/podcast/unchained-728975/bits-bips-why-bitcoin-has-the-least-to-gain-from-the-clarity-act
Text version: https://stenobird.com/podcast/unchained-728975/bits-bips-why-bitcoin-has-the-least-to-gain-from-the-clarity-act.md
Podcast: [Unchained](https://stenobird.com/podcast/unchained-728975)
Published: 2026-07-25T05:16:00+00:00
Episode link: https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML1629047186.mp3
Audio file: https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML1629047186.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/unchained-728975/episodes/bits-bips-why-bitcoin-has-the-least-to-gain-from-the-clarity-act
Duration seconds: 540

## Resource

Cole Kennelly, founder and CEO of Volmex Labs, traces why BVIV and BVIV-US diverge around IBIT's regulated options market, makes the case that Ethereum, Solana, and Hyperliquid have more to gain from the Clarity Act than Bitcoin, and shares his outlook for an increasingly institutional crypto market by year-end. Host: Steven Ehrlich, Head of Research at Sharplink Guest: Cole Kennelly - Founder and CEO of Volmex Labs This clip is from a longer conversation on the Clarity Act's uneven impact across crypto and Volmex's institutional outlook for the market. Full episode here: https://youtu.be/9SUeqeInZws?si=gF6-ZEEy-BED-yJa  We go live every Monday - subscribe to catch it live. Sponsor Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained   (use code: UNCHAINED). Chapters: 🎙️ 00:00 The BVIV vs. IBIT options divergence — and what it's telling traders 📊 00:31 Regulated vs. offshore: how IBIT and BVIV-US stack up ⚖️ 02:16 Why Ethereum, Solana, and Hyperliquid have more riding on Clarity than Bitcoin ⏱️ 05:11 How far out Volmex's term structure actually reaches 🔮 05:23 Cole's read on where an increasingly institutional crypto market goes next Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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