Where Bitcoin ETF Billions ACTUALLY Go - Sam MacPherson of Spark breaks it down on Dads Gone Crypto

Most people think buying Bitcoin is the play.
But that’s just step one.

What happens AFTER institutions buy… is where the real money is made.

In this episode of Dads Gone Crypto, we sit down with Sam MacPherson (CEO of Phoenix Labs & Spark) to break down how billions of dollars are actually deployed across crypto markets — from Coinbase loans to PayPal stablecoins.

Watch it here: https://youtu.be/O_kwsa-G6jc

This is the infrastructure behind the next wave of finance.

⚡ What You’ll Learn
• What the $1 TRILLION DeFi lending milestone really means
• Where Bitcoin ETF money flows after it’s bought
• How institutions earn yield without giving up custody
• Why DeFi is becoming the backbone of modern credit markets
• The REAL risks (and what people get wrong about them)

Visit Spark to lean more: https://link.spark.fi/Dads_Gone_Crypto

⏱️ Timestamps
00:00 Where does ETF money go?
01:14 Meet Sam MacPherson and Spark
03:09 Institutional adoption of DeFi 
06:00 The $1T DeFi lending milestone explained
08:36 Where institutions deploy capital after ETFs
10:27 Spark vs “just another DeFi platform”
13:40 Coinbase loans & hidden liquidity layer
15:42 What makes Spark special
17:14 “Trust vs Verify” — the new system
20:50 Why people are scared of DeFi (and what they get wrong)
22:30 Custody problem solved (this is big)
26:10 The future of credit markets
29:36 Where do you see Spark in 5 years
32:29 New products coming out and how to get involved with Spark



🏷️ Tags
crypto, bitcoin etf, defi lending, spark protocol, stablecoins, coinbase loans, paypal pyusd, institutional crypto, web3 finance, decentralized finance, crypto podcast

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Disclaimer: The material and information presented in this recording are for entertainment purposes only. Do not misconstrue what you hear as investment or trading advice. Always do your own research. The views, thoughts, and opinions expressed by the guests on this recording are their own and do not necessarily reflect those of Dads Gone Crypto or its hosts.