Podcast appearances and mentions of eric balchunas

In this episode, I chat with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of The Bogle Effect. We dive into the life and legacy of Jack Bogle, the founder of Vanguard, and explore the evolution of Bitcoin ETFs. ––– Offers & Discounts ––– Theya is the world's simplest Bitcoin self-custody solution. Download Theya Now at theya.us/cedric Get up to $100 in Bitcoin on River at river.com/Matrix The best Team Bitcoin merch is at HodlersOfficial.com. Use the code Matrix for a discount on your order. Become a sponsor of the show: https://thebitcoinmatrix.com/sponsors/ ––– Get To Know Today's Guest ––– • Eric Balchunas on X: https://x.com/EricBalchunas ––– Socials ––– • Check out our new website at https://TheBitcoinMatrix.Com • Follow Cedric Youngelman on X: https://x.com/cedyoungelman • Follow The Bitcoin Matrix Podcast on X: https://x.com/_bitcoinmatrix • Follow Cedric Youngelman on Nostr: npub12tq9jxmt707gd5vnce3tqllpm67ktr0mqskcvy58qqa4d074pz9s4ukdcs ––– Chapters ––– 00:00 - Intro 01:12 - Eric's Background: Journalism to Finance 05:53 - Investing Philosophy and Personal Strategy  09:24 - Exploring The Bogle Effect  12:09 - Comparing Bogle and Satoshi  22:19 - Origin Story of Vanguard  24:45 - Launching the First Index Fund  28:51 - The Sacrificial Ethos of Bogle 34:46 - Buffett's Tribute and Endorsement  37:03 - Who Are the Bogleheads?  42:09 - Bogle's Take on ETFs and Trading  44:59 - Frankenstein's Monster: Thematic ETFs  49:46 - The Art of Doing Nothing  50:56 - Inflation, Bitcoin, and the Real Return  53:18 - Comparing Bitcoin and U.S. Stocks 54:45 - Bogle's Take on Trustless Money and Banks  58:33 - Eric's Journey into Bitcoin via ETF Filings  01:04:55 - TradFi's Shift After the Bitcoin ETF Approval  01:05:37 - BlackRock, Fidelity & the Legitimization of Bitcoin  1:13:17 - ETFs response to a Major Drop in Bitcoin's Price  1:19:40 - The Two Things that Convinced Eric About Bitcoin  1:24:10 - How Has Bitcoin Changed Eric  DISCLAIMER: All views in this episode are our own and DO NOT reflect the opinions/views of any of our guests or sponsors.  I want to take a moment to express my heartfelt gratitude to all of you for tuning in, supporting the show, and contributing.  Thank you for listening!

 26th May: Blockchain DXB podcast

Can one word from a U.S. president really move markets by 8% in two hours? Bloomberg's Eric Balchunas calls it the "Trump Put"—and that's just for starters.Episode Summary: In this episode, Raise Your Average hosts Pierre and Mike welcome back Bloomberg Senior ETF Analyst Eric Balchunas, and co-host of Trillions, for a dynamic conversation that peels back the curtain on ETF flows, investor psychology, and the growing crossover between crypto and traditional finance. Balchunas unpacks the hidden narratives driving today's markets—from the surge in passive flows and rebalancing tailwinds, to the rise of “Vanguardians” and the Degens chasing leveraged plays. He also explores how mutual fund share classes, private credit, and public-private crossovers are changing the ETF landscape. With his signature humor and razor-sharp insight, Balchunas offers a front-row seat to the evolution of asset management.Key Takeaways:Timestamps:00:00 – Intro and Eric Balchunas joins the show 03:00 – $333B ETF inflows and the "Vanguard clip" 05:45 – The divergence between retail flows and institutional positioning 07:00 – The "Trump Put" and the 8% rally on one word 08:30 – Degens, leveraged ETFs, and why people keep buying the dip 10:00 – Persistent love for U.S. stocks despite better international value 12:00 – Gold vs. Bitcoin: who's winning in 2025? 14:00 – Bitcoin's improving volatility profile and “better owners” 16:00 – Why Bitcoin ETFs are changing the game 18:30 – Cognitive dissonance: crypto purists vs. TradFi adoption 21:00 – Passive power, BlackRock conspiracies, and Bogle's last stand 27:30 – ETF transparency vs. mutual fund mythology 30:00 – Mutual fund ETF share classes: game changer or Trojan horse? 34:00 – Private credit and public-private crossover ETFs 38:30 – Why XOVR's SpaceX bet caught fire 40:00 – The veil lifts on private equity NAV “magic” 43:00 – Active ETFs: rebirth, reinvention, or just beta repackaged? 50:00 – The final frontier: alts, liquidity, and the ETF trust factor #RaiseYourAverage #EricBalchunas #Bloomberg #ETFs #BitcoinETF #Vanguard #PrivateCredit #MutualFunds #TrumpPut #CryptoMarkets #GoldVsBitcoin #ETFFlows #InvestmentStrategy #MarketInsights Copyright © AdvisorAnalyst.com

On this special holiday edition of Bloomberg Daybreak US edition, host John Tucker discusses President Trump recent criticism of Fed Chair Powell with Michael McKee and Stuart Paul. He also talks about ETF inflows with Eric Balchunas and looks at the future of antitrust litigation with Jennifer Rie. See omnystudio.com/listener for privacy information.

On this special holiday edition of Bloomberg Daybreak US edition, host John Tucker discusses President Trump recent criticism of Fed Chair Powell with Michael McKee and Stuart Paul. He also talks about ETF inflows with Eric Balchunas and looks at the future of antitrust litigation with Jennifer Rie. See omnystudio.com/listener for privacy information.

Exploring the continued evolution of the ETF landscape, fueled by rapid growth in active ETFs and an expanding universe of investment choices. ETFs, or exchange-traded funds, were born out of a need for greater market liquidity following the 1987 stock market crash known as Black Monday. US regulators determined that institutions needed the ability to trade stocks more efficiently and cost-effectively during trading days. In 1993, the first ETF in the US emerged: SPY. With one trade, investors could buy or sell a basket of stocks that tracked companies in the S&P 500. ETFs have since revolutionized investing. A combination of liquidity, diversification, tax efficiency and ease of access has helped ETFs attract trillions of dollars in capital. A 2019 regulatory update in the US, which made it easier to launch new ETFs, paved the way for further expansion, fueled by active strategies that are driving the next phase of growth. Offering access to actively managed strategies across stocks, bonds and alternatives, active ETFs surpassed $1 trillion in global assets under management for the first time in 2024. Our guests are Matt Collins, CFA, Head of ETFs at PGIM Investments; Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of “The Institutional ETF Toolbox”; and Dave Nadig, independent financial futurist and former CEO of ETF.com. Learn more about PGIM ETFs at PGIM.com/investments/exchange-traded-funds-etfs. Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor. To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.

ETF Prime Host Nate Geraci is joined by Bloomberg's Eric Balchunas, along with VettaFi's Cinthia Murphy and Todd Rosenbluth, to spotlight the year’s most anticipated ETF event and discuss the industry's hottest trends.

Welcome to Bitcoin Capital #10, featuring Eric Balchunas, Senior ETF Analyst for Bloomberg. In this episode, we dive into the critical elements shaping the future of Bitcoin and the broader financial market:

Today on The Milk Road Show, we are joined by Bloomberg's senior ETF analyst, Eric Balchunas. We're exploring the future of Litecoin, Solana, and Dogecoin ETFs. Will they ever see the light of day, and what effect could it have on price? And for all you degens out there chasing memecoin moonshots, we're sharing wisdom from the legendary investor Jack Bogle on how to cultivate long-term wealth by thinking like a gardener, not a gambler.~~~~~

On this special holiday edition of Bloomberg Daybreak US edition, host Nathan Hager speaks with Stephen Schork, founder of the Schork Group, shares his outlook for the energy sector and the oil industry, Eric Balchunas, Bloomberg Intelligence analyst on the market outlook under a new Trump administration and Arun Sundaram at CFRA looks ahead to Walmart earnings.See omnystudio.com/listener for privacy information.

Crypto markets are at a crossroads. Is Ethereum primed for a short squeeze, or is its dominance fading? Are the SOL unlocks a real risk, or is the panic overblown? And did we already have an alt season without realizing it? In this episode, hosts James Seyffart, Alex Kruger and Ram Ahluwalia sit down with Sal Ternullo, managing partner at A100x Ventures, to break down the biggest questions facing traders today. They discuss whether Trump's tariffs are impacting ETH, why the market might be misreading SOL's unlocks, and how traders keep falling into the same traps—losing money despite crypto's explosive gains. They also debate the real reason altcoins haven't performed as expected, why memecoins might finally be dying off, and what the Growth Value Ratio reveals about the market's future. Plus: the implications of Elon Musk's bid for OpenAI, and whether Arweave's AO can seriously challenge ICP. Show highlights:    3:33 - Why Ram likes what Trump is trying to accomplish with the tariffs    10:35 - Why ETH got hit so hard with the tariffs and whether there's a squeeze coming    15:24 - Whether the market will see an alt season    21:47 - Why Sal believes that the SOL unlocks are not a big deal and why he'd like to see a shift away from memecoins    25:09 - Why Ram thinks that crypto markets don't have a clear narrative in the near future    27:28 - Why Alex is concerned about the SOL unlocks    32:19 - What the growth value ratio is teaching us about the state of the markets    40:59 - How the potential Kanye West memecoins is another example of why Sal doesn't like this space    46:39 - Whether Arweave's new project AO can compete with ICP    48:04 - How Elon Musk is running so many projects, plus bidding for OpenAI    55:26 - James' analysis on the likelihood of various crypto ETFs being approved    1:03:01 - Why Alex thinks this is the perfect time to “be patient” in the markets Sponsor: Somnia Network Bitwise Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Ram Ahluwalia, CFA, CEO and Founder of Lumida Guest: Sal Ternullo, Managing Partner at A100x Ventures Links Unchained:  Grayscale Files for Cardano ETF  Central African Republic launches memecoin Reuters:  Trump raises tariffs on aluminum, steel imports in latest trade war salvo Elon Musk-led group makes $97 billion bid for control of OpenAI The Block:  SEC delays decision on BlackRock's Ethereum ETF options trading until April 9  Kanye West, after disclosing he was offered $2 million to launch a token, asks to speak with Coinbase CEO 'concerning crypto' Kanye West quashes memecoin launch rumors, says coins 'prey on the fans' James' and Eric Balchunas' tweet on the odds of crypto ETFs Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg Senior ETF analyst Eric Balchunas reveals Trumps plan to launch his very own Bitcoin ETF, "Trump is going to launch a Bitcoin Plus ETF. Safe to say first-ever POTUS ETF issuer. What a country.." Learn more about your ad choices. Visit megaphone.fm/adchoices

It is said that death and taxes are the only two certainties in life. Add to these, the enormous growth of the ETF industry as a third irrefutable occurrence. Covering the landscape of exchange traded funds for Bloomberg is Eric Balchunas, a man steeped in the most plain vanilla of products like the SPY to the newest flavors of underlying exposures and payout constructions which he calls “hot sauce”. Our conversation starts with an overview of the massive ETF haul in 2024 and we learn that inflows were 1.1 trillion and each region set a record geographically. Eric stresses how effective the product has been in providing liquidity for end users and in the continuous decline in fees that the industry has successfully achieved. With this last point in mind we touch on Eric's book, “The Bogle Effect”, which details his interactions with the pioneering founder of Vanguard, John Bogle. Eric estimates that on the very low side, Bogle's impact has saved investors 1 trillion dollars through lower fees and increased competition in the industry. We next talk about innovations in the ETF market including unique structures that embed both leverage and derivatives, touching on tail wagging the dog scenarios in which a leveraged ETF amplifies volatility in the underlying. Lastly, we talk about ETFs that provide access to crypto exposure. With the resounding success of IBIT, the spot Bitcoin ETF, Eric sees XRP, Solana and Litecoin among those that will hit the market at some point as well.   I hope you enjoy this episode of the Alpha Exchange, my conversation with Eric Balchunas.

Ark Investment Management CEO, CIO & Founder Cathie Wood discusses the performance of the ARKW ETF since the election, and what the future may hold for TikTok. She speaks with Bloomberg's Katie Greifeld, Scarlet Fu, and Eric Balchunas.See omnystudio.com/listener for privacy information.

Bloomberg's Eric Balchunas shares his industry outlook and highlights the ETFs he's watching this year. (1:15) - Breaking Down Bitcoin ETFs And Their Current Success (12:00) - Complicated ETFs and 2024 Favorites (18:40) - U.S. vs International Investments: Who Is The Winner Abroad? (24:20) - Will We See More Private Investments Available In 2025? (27:50) - Top Picks For 2025: What Can Investors Expect From ETFs? (35:45) - Episode Roundup: IBIT, VOO, JAAA, NUKZ Podcast@Zacks.com

2024 was nothing short of transformative for the crypto world. From bitcoin's relentless climb amidst macroeconomic shifts to Solana's continued rise amidst meme coin mania, this year saw narratives unfold that no one could have predicted.  In this special episode that has become a tradition at Unchained, Laura revisits the biggest moments of the year, featuring insightful clips from the standout guests who joined Unchained and Bits + Bips in 2024. Whether it was further institutional adoption, debates over decentralization, the victory over Gary Genser's regulation by enforcement strategy, or the taking off of AI agents, this year marked a turning point for crypto. Tune in for a reflective journey through the year that was—and a glimpse of what lies ahead in 2025. Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Robinhood & Arbitrum Highlights and Timestamps: 03:15 | Matt Hougan on the significance of spot bitcoin ETFs 04:31 | Jesse Pollak explains the impact of Ethereum's Dencun upgrade 05:43 | Eric Balchunas on the rapid adoption of bitcoin ETFs 07:53 | Kyle Davies reflects on 3AC's collapse 10:11 | Carlos Domingo discusses BlackRock's BUIDL fund 11:13 | Sam Enzer on the reasoning behind SBF's sentencing 13:04 | Arthur Hayes debates the potential of a bitcoin supercycle 15:44 | Ansem breaks down the memecoin craze 16:42 | Eric Balchunas and Matt Hougan on ether ETF approval 18:18 | James Seyffart on SEC politics and ETF decisions 19:51 | Laura Brookover on the end of the Ethereum 2.0 probe 21:08 | Bryan Pellegrino on tackling Sybil attacks with LayerZero 23:42 | Iggy Azalea on her fascination with memecoins 24:31 | Joe McCann on how the assassination attempt influenced Trump's win 25:47 | Ro Khanna on the democratic party's stance on crypto 26:44 | George Selgin critiques a U.S. bitcoin reserve proposal 28:35 | Nick Tomaino on the truth-finding power of prediction markets 29:50 | Jack Booth on TON's viral growth strategies 31:58 | Jeff Dorman on why the ETH sell-off was a buying opportunity 32:29 | Caitlin Long and Michelle Kallen on their lawsuit against the Fed 33:52 | Justin Bons on why layer 2s might be parasitic to Ethereum 35:13 | Taylor Monahan on how North Koreans infiltrated crypto companies 36:42 | Taylor Monahan recounts a failed North Korean job interview 39:13 | Teng Yan on how truth terminal redefined AI and crypto 40:36 | Ryan Salame on DOJ dealings and his guilty plea 42:40 | Alex Kruger on Trump's election and its crypto impact 43:44 | Jeff Park on Uniswap and Solana's post-election gains 44:57 | Faryar Shirzad on the success of the FairShake PAC 46:15 | Eric Balchunas on the importance of bitcoin ETF options 47:26 | Cody Carbone on Paul Atkins' nomination as SEC chair 48:19 | Mike Selig on David Sacks as crypto and AI czar 49:27 | French Hill on token standards under FIT21 50:33 | Maria Shen on Solana's rise in new developer activity Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, Shawn O'Malley (@Shawn_OMalley_) chats with Clay Finck and Kyle Grieve of our We Study Billionaires podcast. Shawn reflects with Clay and Kyle on some of their favorite moments as Millennial Investing hosts in the past, from chatting with William Green to discussing whether we are in an “Everything Bubble” and how passive investing has affected markets. You'll learn how Clay has evolved as an investor since joining The Investor's Podcast Network, how Kyle built out his stock portfolio and the challenges of doing so publicly, what has resonated with them the most from studying legendary investors, and updates on our new show — The Intrinsic Value Podcast — plus so much more!  Prefer to watch? Click here to watch this episode on YouTube. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 00:29 - What to expect from our new show, The Intrinsic Value Podcast 03:10 - How Clay has evolved since joining The Investor's Podcast 13:00 - Whether markets are in an “Everything Bubble” and how to manage anxiety as an investor 17:08 - How Kyle built out his portfolio of individual stocks 37:31 - What it means to have skin in the game as a public personality and investor 45:03 - How passive investing has changed financial markets  49:38 - Why Clay and Kyle both choose to be active investors  58:53 - What surprised William Green most about legend investors from his interactions with them 1:02:40 - What has resonated with Clay and Kyle the most from studying legend investors And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Listen to Clay Finck and Kyle Grieve on We Study Billionaires or watch them on YouTube. Listen to MI131 with William Green and Clay Finck | Youtube Video. Listen to MI167 with Eric Balchunas and Clay Finck | Youtube Video. Listen to MI197 with Scott Nations and Clay Finck | Youtube Video. Listen to MI345 with Brian Stoffel and Kyle Grieve | Youtube Video. Check out William Green's book Richer, Wiser, Happier. Meet up with us at the 2025 Berkshire Hathaway shareholder's meeting in Omaha. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: TurboTax Airbnb Public Bluehost Connect with Shawn: Twitter | LinkedIn | Email Connect with Clay: Twitter | LinkedIn | Email Connect with Kyle: Twitter | LinkedIn | Email HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this week's episode of the Coin Stories News Block, we cover these major headlines related to Bitcoin and global finance: Eric Trump Predicts $1 Million Bitcoin MicroStrategy Poised to Join Nasdaq 100 JP Morgan Chase Rewards Miners That HODL Bitwise Predicts Bitcoin Will Surpass Gold in 2029 ---- Join the free list and get our free newslettter: thenewsblock.substack.com  ---- The News Block is powered exclusively by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com. ---- References mentioned in the episode: Ray Dalio Says Dump Bonds, Buy Bitcoin  Full Eric Trump Speech from Bitcoin MENA BlackRock Report on Bitcoin Position Sizing Texas Introduces Bill for Bitcoin Strategic Reserve  MicroStrategy to be Added to Nasdaq 100 Eric Balchunas's Tweet on MSTR QQQ Inclusion MicroStrategy Acquires an Additional 21,550 Bitcoin MARA Announces $11,774 Bitcoin Acquisition Riot Platforms Announces Convertible Bond Offering JPM Applies a 2x Multiple to Each Miner's “HODL balance.” JPM Adopts HODL Premium for Valuation Framework Preston Pysh's Tweet on MARA's HODL Strategy Bitwise Investment's Predictions for 2025 Delphi Digital's Report on the Year Ahead Bitcoin is a Blackhole Meme ---- Natalie's Promotional Links:  Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa:  https://www.casa.io/natalie   For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/ River is where I DCA weekly and buy Bitcoin with the lowest fees in the industry: https://partner.river.com/natalie  Safely self-custody your Bitcoin with Coinkite and the ColdCard Wallet. Get 5% off: https://store.coinkite.com/promo/COINSTORIES Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie Bitcoin 2025 is heading to Las Vegas May 27-29th! Join me for my 4th Annual Women of Bitcoin Brunch! Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/affiliate/hodl/event/bitcoin-2025   Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie  Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: https://signup.theorangepillapp.com/opa/natbrunell ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories   #money #Bitcoin #investing

In this video, we highlight the groundbreaking conversations that shaped Bitcoin's historic rise to $100,000 in 2024. Featuring Senator Cynthia Lummis on Bitcoin's role in U.S. financial policy, Caitlin Long's insights on regulatory clarity, Eric Balchunas's analysis of ETF market dynamics, and Daniel Batten's environmental breakthroughs, this compilation connects the dots between macroeconomic uncertainty, political shifts, and Bitcoin's emergence as a global financial instrument. With additional perspectives from Checkmate on on-chain analytics, Jeff Booth on deflationary principles, Michael Howell unpacking liquidity trends that fueled Bitcoin's growth and Alex Thorn on institutional adoption, The Bitcoin Layer presents the story of Bitcoin's transformation into a mainstream economic force. The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don't pay more taxes than you have to. Talk to us today. Visit https://thebitcoinlayer.com/unchained and use code TBL for $100 off when you create an account. Try Stamp Seed, a DIY kit that enables you to hammer your seed words into a durable plate of titanium using professional stamping tools. Take 15% off with code TBL. Get your Stamp Seed today! https://www.stampseed.com/shop/titanium-seed-phrase-storage-kits.html?utm_source=substack&utm_medium=email Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL's research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Block Height 872271 Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #BitcoinTo100K #Bitcoin2024 #BitcoinBullRun #BitcoinHistory #BitcoinPolicy #BitcoinAdoption #SenatorLummis #CaitlinLong #ETFMarket #BitcoinETFs #OnChainAnalytics #BitcoinEnvironment #DeflationaryEconomics #InstitutionalAdoption #BitcoinLiquidity #MacroEconomics #BitcoinMainstream #BTCExplained #BitcoinTransformation #BitcoinRegulation #BitcoinFuture #BitcoinMilestone #BitcoinInsights #WhyBitcoin #BitcoinPriceAnalysis #BitcoinAsMoney #BitcoinExplained #BitcoinAndFinance #GlobalBitcoin #BitcoinAndPolicy #BitcoinRise #BitcoinGrowth #BitcoinMarketTrends #BitcoinInvestment #BTCNews #BitcoinSustainability #BitcoinInnovation #FinancialEvolution #BitcoinLeadership #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Gold #Market #Trading #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

On Tuesday, options on BlackRock's bitcoin ETF, IBIT, launched, seeing $1.9 billion worth of those options changing hands on the first day. The launch of these options could mark a turning point for crypto markets, with implications for liquidity, volatility, and institutional adoption.  Eric Balchunas, senior ETF analyst at Bloomberg, explains why these options are so significant, who they're designed for, and how they could impact the broader ecosystem. Plus, he offers some cautionary advice to bitcoiners, gives insight into whether spot ether etf options are on their way, and discusses the odds of SOL ETFs launching. Show highlights: What bitcoin ETF options are and why they are relevant for traders and investors Whether options will reduce the volatility of BTC Why Eric offers caution after seeing bitcoin surging so much recently What Eric thinks about the possibility for Bitcoin ETF options to spark a “gamma squeeze”  What type of investors Eric thinks typically trade options Whether regulators treat Bitcoin differently and with prejudice  What he would like to see from a new SEC Why IBIT options will likely dominate the market, according to Eric Why Eric was surprised that options on futures ETFs was so low compared to the spot ETFs How the launch of options will affect Deribit, the main exchange for trading options Whether options for ether spot ETFs are coming as well His thoughts on the news that spot SOL ETFs may be moving to the next phase Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Mantle's FBTC Guest Eric Balchunas, Senior ETF Analyst at Bloomberg Previous appearances on Unchained: Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Will a Spot Bitcoin ETF Finally Get Approved? Links Previous coverage of Unchained on bitcoin ETFs options: Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto Unchained: Bitcoin Hits New All Time High as IBIT's First-Day Volume Nears $1.9 Billion  Timestamps: 00:00 Intro 01:15 Why Bitcoin ETF options are a game-changer for traders 07:35 How options could impact Bitcoin's volatility 11:38 Eric's cautionary take after Bitcoin's recent surge 13:13 Whether price rises will be due to gamma squeezes or a lack of resistance 16:04 Insights into the typical investors trading ETF options 16:58 Perceptions of bias against Bitcoin in traditional markets 18:53 What Eric hopes for under new SEC leadership 20:47 Why IBIT options might dominate the market 23:05 Comparison between futures and spot ETF options 25:20 What IBIT options mean for Deribit's dominance 28:58 Are ether spot ETF options on the horizon? 29:25 What Eric thinks of the filings for SOL ETFs 32:37 News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we answer emails from James, MyContactInfo and Cy.  We discuss using silver in addition to gold in a portfolio, review again why many "options strategy funds" and other complex ETFs are generally a waste of space in a portfolio and talk about a recent Andrew Tobias interview and the history of DIY investing.Links:Eric Balchunas Interview:  Eric Balchunas on The Hidden Gems of the ETF World You Need to Know! (youtube.com)Andrew Tobias Interview:  The Only Investment Guide You'll Ever Need with Andrew Tobias | White Coat InvestorAmusing AI-Bot Summary:Discover why silver might be the wild card you didn't expect in your investment portfolio. With its industrial uses and lack of central bank holdings, silver might ramp up your portfolio's volatility without offering much in terms of diversification. We explore the intriguing story of the Hunt brothers and their infamous attempt to corner the silver market in the late 1970s, shedding light on the lessons learned from this historical market manipulation. Managed futures, we argue, could be a more strategic play for those looking to ride silver's unpredictable trends.As we journey through the evolution of DIY investing, we take a critical look at the rise and fall of heavily marketed investment funds, like buy-write and options strategy funds. Through the wisdom of Andrew Tobias, we trace the shift from active fund management in the 1980s to today's preference for indexing and strategic asset allocation. From the so-called "Bronze Age" to our current "Golden Age" of investing, the importance of asset allocation remains a steadfast guide. So whether you're a seasoned investor or just starting out, these reflections aim to illuminate a path toward more informed and successful investment decisions.Support the show

Spot Bitcoin exchange-traded funds (ETFs) saw record daily inflows of $1.38 billion as the price of the flagship cryptocurrency reached a new all-time high near the $77,000 mark after Republican candidate Donald Trump won the U.S. presidential elections. Ethereum ETF's have also put their underwhelming days of performance behind them. Data from Farside Investors show two consecutive days of massive inflows into Ethereum ETF products.Guest: Eric Balchunas - Senior ETF Analyst, Bloomberg Intelligence00:00 Intro00:27 ETF Investor activity02:55 Rising demand06:11 Bitcoin ATH FOMO07:39 ETF best case scenario09:27 Ethereum ETF update13:40 Solana ETF?15:48 XRP ETF?18:36 Gensler replacement19:19 Outro#Bitcoin #ethereum #crypto~Record-Breaking Bitcoin ETF Flows!

In this episode with Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence we discuss: Bitcoin ETFs Surpassing Expectations with $24 Billion in Net Flows Unprecedented Growth of Bitcoin ETFs vs. Traditional Assets  Options Trading to Boost Liquidity for Bitcoin ETFs MicroStrategy ($MSTR) Stock Phenomenon BlackRock's Adding Bitcoin ETFs to Other Funds Bitcoin ETFs Poised to 3X Gold ETFs Vanguard's New CEO May Influence a Shift Towards Bitcoin Bitcoin as "2nd Amendment Money" ---- Bio: Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence. In this role he writes research, articles and feature stories about ETFs for the Bloomberg terminal and Bloomberg.com. He also appears in a weekly on-air segment for Bloomberg TV and Radio in which he discusses different ETFs and the way investors can utilize them. Follow him on X at https://x.com/EricBalchunas  ---- Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.  ---- Natalie's Promotional Links:  Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: www.casa.io/natalie  For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/ River is where I DCA weekly and buy Bitcoin with the lowest fees in the industry: partner.river.com/natalie Safely self-custody your Bitcoin with Coinkite and the ColdCard Wallet. Get 5% off: https://store.coinkite.com/promo/COINSTORIES Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie  Bitcoin 2025 is heading to Las Vegas May 27-29th! Join me for my 4th Annual Women of Bitcoin Brunch! Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/affiliate/hodl/event/bitcoin-2025   Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie  Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: https://signup.theorangepillapp.com/opa/natbrunell ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories   #money #Bitcoin #investing  

Greg McBride, chief financial analyst at BankRate.com, says the Federal Reserve has little choice when it meets this week but to follow through on its signals and cut interest rates by one-quarter of a percent, noting that anything larger or smaller than that come Thursday would wind up being destabilizing for the market. The anticipated rate cut, however, may not move all interest rates as expected; McBride noted that mortgage rates actually have surged since the Fed's oversized first cut in September and they may not follow in lock-step with the next move either. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence — co-host of the Trillions podcast — talks about the spate of new, unusual investing ideas that have been turned into ETFs recently — from BattleShares to the oxymoronic single-stock ETFs — and how most of them will go away when the stock market takes its next protracted downturn. David Trainer of New Constructs revisits WarbyParker — which he first put in the Danger Zone as it was launching its initial public offering, but which he says is even more radically overvalued now, and Eden Cooper, founder and managing partner at Drift Capital discusses crowdfunding classic automobiles and the return potential of classic cars.

Ever wondered how the ETF industry is mirroring the innovation boom of biotech? Tune in as Eric Balchunas from Bloomberg unpacks the fascinating parallels in our latest episode. We promise you'll gain eye-opening insights into how specialized ETFs are becoming the go-to solutions for investors seeking everything from premium income to market buffers. Eric also highlights a cultural shift towards riskier investment strategies that are shaking up traditional asset allocation, offering both thrilling opportunities and potential pitfalls.We explore how the transformative ETF rule is paving the way for more complex, derivative-included launches, drawing in thrill-seekers and those in search of sophisticated tax management. With products that echo the expertise of ex-hedge fund professionals, the landscape is becoming more layered and intriguing. Eric shares his take on how the industry is tapping into investor psychology and behavioral biases, crafting solutions that speak to modern financial needs. Don't miss this engaging episode where finance meets creativity, and learn how you can stay ahead in this ever-evolving market.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Support the show

In this episode we answer emails from Jimmy, Dave and Richard.  We discuss the joys of Joe's Garage, the Bogleheads Simba spreadsheet and Lazy Portfolios and a revisit of the ETF SVOL.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:Simba's Spreadsheet (Article And Link):  Simba's backtesting spreadsheet - BogleheadsSVOL Webpage:  SVOL Simplify Volatility Premium ETF | SimplifyRichard's SVOL vs. Equity ETFs Analysis:  testfol.io/analysis?d=eJxdikEKwjAQRa8S%2FjoL68JFruEBwtCkMu04kUmaIuLdDbgR3%2B7x3guN5y1bRYC79iKuPp5ur%2FfuqO8dHrWRtZio5bEMz5p%2B7Fs7CcJ0GnhQWiPrItS4KMJCUrOHFRHWWzxYUzkQLuOci1n8D9P5%2FQF55jJ4Richard's SVOL Portfolio Analysis:  https://tinyurl.com/bddjy2k4Eric Balchunas Interview:  Eric Balchunas on The Hidden Gems of the ETF World You Need to Know! (youtube.com)Amusing Unedited AI-bot Summary:Imagine a finance podcast that's as entertaining as a night out at your favorite dive bar. I'm Frank Vasquez, and on this playful yet insightful episode of Risk Parity Radio, we hit a milestone of 750,000 downloads, a delightful gift for my 60th birthday. Join me as I reminisce about the impact of Frank Zappa's "Joe's Garage" on my youth and answer listener emails, including a deep dive into Simba's Backtesting Spreadsheet. We ponder the Bogleheads' seemingly timeless investment models and their reluctance to embrace change.Turning our focus to innovative ETF strategies, we dissect the SVOL ETF, an inverse VIX fund with the potential to spice up your portfolio. Despite its lack of historical data and the risk of significant distributions in taxable accounts, this ETF might just find its rightful place in your retirement portfolio. We examine the broader trend of creative ETFs, thanks to recent SEC rule changes, and weigh the psychological appeal against the need for financial prudence. Curiosity piqued, we also explore SVOL's correlation with growth or value stocks.Rounding out the episode, we analyze weekly portfolio performances with strategies like the All Seasons, Golden Butterfly, and Risk Parity Ultimate. I update you on specific portfolio allocations and performances, highlighting the beauty of consistent returns, even if they might seem uneventful. Engage with us through questions or comments, subscribe, and leave a review. As we wrap up, enjoy a humorous tale that weaves together music, relationships, and personal growth, leaving you informed and entertained. Remember, this episode offers insights for entertainment and informational purposes, so consult your personal advisor for tailored financial advice.Support the show

In this episode, the ReSolve team is joined by Eric Balchunas to discuss the current state of the ETF industry, the rise of active ETFs, and the impact of Bitcoin and crypto on the market. Eric shares his insights on the 'hot sauce' approach to investing, the role of psychology in investment decisions, and the future of the ETF market.Topics Discussed• Discussion on the concept of 'hot sauce' in investing, where investors allocate a small portion of their portfolio to high-risk, high-reward assets• Insights into the psychology of investing and how it can sometimes overpower logical investment decisions• Analysis of the rise of active ETFs and the factors contributing to their success• Discussion on the role of traditional active managers in the ETF market• Examination of the impact of Bitcoin and crypto on the ETF industry and the potential future of this market segment• Insights into the concept of 'conversational alpha' and its role in investment decisions• Discussion on the role of the Federal Reserve and its impact on the market• Insights into the phenomenon of single stock ETFs and their place in the market• Discussion on the potential for a bear market in the future and the factors that could contribute to this• Insights into the concept of 'buffer ETFs' and their role in providing stability for investorsThis episode is a must-listen for anyone interested in the ETF industry, active investing strategies, and the impact of Bitcoin and crypto on the market. Eric's insights provide valuable perspectives on the current state of the market and potential future trends.

A daily update on what's happening in the Rocket Pool community on Discord, Twitter, Reddit, and the DAO forum. #RocketPool #rpl #Ethereum #eth #crypto #cryptocurrency #staking #news Podcast RSS: https://anchor.fm/s/cd29a3d8/podcast/rss Anchor.fm: https://anchor.fm/rocket-fuel Spotify: https://open.spotify.com/show/0Mvta9d2MsKq2u62w8RSoo Apple Podcasts: https://podcasts.apple.com/us/podcast/rocket-fuel/id1655014529 0:00 - Welcome Rocket Pool news 1:03 - Testing RPIP-63 https://discord.com/channels/405159462932971535/405163979141545995/1293096367715123266 2:41 - Community call https://www.youtube.com/watch?v=bYNBHclpVeU https://discord.com/channels/405159462932971535/405163713063288832/1293003574149779527 7:29 - Patches has a small tree update https://discord.com/channels/405159462932971535/405163713063288832/1292968737833488416 9:30 - Halooo asking for RPIP-62 funding https://discord.com/channels/405159462932971535/1267421248288198677/1292954481650045001 https://dao.rocketpool.net/t/round-17-gmc-call-for-grant-applications-deadline-is-october-7/3252/7 14:09 - Legal counsel update from team https://discord.com/channels/405159462932971535/1215788197842255972/1292989705092075676 19:10 - Saturn 0 - cost/benefit https://discord.com/channels/405159462932971535/405163713063288832/1293213123909648448 https://rpips.rocketpool.net/RPIPs/RPIP-59 https://discord.com/channels/405159462932971535/405163713063288832/1293232558158516224 Ethereum news 27:06 - Pectra timeline https://x.com/christine_dkim/status/1843658149376733537 28:33 - Aztec's road to mainnet https://x.com/aztecnetwork/status/1843351518902177859 29:33 - More Home Staker takes https://x.com/nixorokish/status/1843471274376663044 https://x.com/Xatarrer/status/1843521119791292917 33:04 - The Ethereum mindset https://x.com/growthepie_eth/status/1843267401195933928 35:00 - Wildcat explainer https://x.com/2077Research/status/1843684855483138464 37:16 - Eric Balchunas' bad take https://x.com/drjasper_eth/status/1843360232225026387 https://x.com/drjasper_eth/status/1843369427380982163 https://x.com/sassal0x/status/1843367823042899996 https://x.com/sassal0x/status/1843409659379740836 https://x.com/EricBalchunas/status/1843389035248791709 https://x.com/JimmyRagosa/status/1843624881063375081 44:07 - Crypto dot com get wells notice - sue the SEC https://x.com/tier10k/status/1843643048351187309 https://x.com/WuBlockchain/status/1843644465732563269

Bloomberg’s Eric Balchunas discusses his top ETF stories, industry “white space”, crypto ETFs, and much more. VettaFi’s Cinthia Murphy offers perspective on the future of ARK Invest and Cathie Wood.

Bloomberg's Eric Balchunas and James Seyffart join me today to discuss crypto ETFs! Will Solana ET be launched? Who is investing in crypto ETFs?  Eric Balchunas: https://x.com/EricBalchunas James Seyffart: https://x.com/jseyff Chris Inks will join us in the second part to share some interesting trades in crypto and beyond.  Chris Inks: https://twitter.com/TXWestCapital ►►EARN WEEKLY REWARDS JUST BY INTERACTING WITH ME HERE

The Ether spot ETF has officially started trading as of today July 23rd, 2024 marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the magnitude of this moment and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation. ------

Join Eric Balchunas and James Seyffart, Bloomberg ETF analysts, as we discuss the upcoming launch of the Ethereum ETFs! Eric Balchunas: https://x.com/EricBalchunas James Seyffart: https://x.com/JSeyff ►►JOIN ME HERE! WE ARE CHATTING ABOUT THE CRYPTO MARKET WITHOUT THE BOTS

An exchange-traded fund (ETF) expert at Bloomberg is moving his estimated date for the approval of spot market Ethereum (ETH) ETFs following recent comments made by the U.S. Securities and Exchange Commission (SEC). In a new thread on the social media platform X, Bloomberg ETF specialist Eric Balchunas says that spot ETH ETFs likely won't be greenlit until after the July 4th holiday weekend, which extends to the 8th, since many SEC staff members will be on break until then.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul#ethereum #bitcoin #crypto~Bitcoin & Ethereum Updates

An exchange-traded fund (ETF) expert at Bloomberg is moving his estimated date for the approval of spot market Ethereum (ETH) ETFs following recent comments made by the U.S. Securities and Exchange Commission (SEC). In a new thread on the social media platform X, Bloomberg ETF specialist Eric Balchunas says that spot ETH ETFs likely won't be greenlit until after the July 4th holiday weekend, which extends to the 8th, since many SEC staff members will be on break until then.~This episode is sponsored by Serenity Shield~Revolutionize your data storage and crypto inheritance strategy:Website ➜ https://www.serenityshield.ioLitepaper/White Paper: https://assets-global.website-files.com/646e1d2bb86f8833c75bdc7b/65e726c08c83172189fa7217_Whitepaper-Serenity%20Shield%20En.pdfFollow on X: https://www.twitter.com/SerenityShield_#ethereum #bitcoin #crypto~Ethereum ETF in 7 Days?

In today's episode, Patrick Donley (@JPatrickDonley) sits down with R P Stevens to discuss his new book, The Sloth Investor. You'll learn about his investing journey and how he developed his SLOTH investing philosophy, what the 5 bedrock principles of SLOTH investing are, how he goes about constructing a globally diversified portfolio, how he thinks about his financial freedom number, what his biggest takeaways have been from his guests on his podcast, and so much more! R P Stevens is the author of the forthcoming personal finance book 'The Sloth Investor'.  The publication date is Friday June 28th. The book is an insightful beginner's guide to investing where R P Stevens teaches readers how a 'sloth-like' approach is the rational, evidence-based roadmap to investment success. The Sloth Investor's 5 Bedrock Principles of Investing provide an actionable pathway for anyone looking to grow their wealth.  Originally from the UK, R P Stevens currently lives in Hong Kong with his wife and two children. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 01:57 - What R P's investing journey has been like and who his biggest influences have been 15:47 - How his investing philosophy has evolved over the years 16:39 - Why he decided to write The Sloth Investor  24:07 - What the 5 bedrock principles of SLOTH investing are 30:49 - How he goes about constructing a globally diversified portfolio 37:03 - Why optimism is so critical for investors 43:44 - How R P thinks about his financial freedom number 51:39 - What his biggest takeaways from his podcast guests have been And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. R P Stevens' book, The Sloth Investor. Andrew Hallam's book, The Millionaire Teacher. Morgan Housel's book, The Psychology of Money . William Green's book, Richer, Wiser, Happier. Ben Carlson's book, A Wealth of Common Sense. Lars Kroijer's book, Investing Demystified. Eric Balchunas's book, The Bogle Effect. Jonathon Haidt's book The Coddling of the American Mind. Bill Perkins' book, Die with Zero. J L Collins' book, Pathfinders. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Airbnb Range Rover Meyka Fundrise NetSuite Connect with Patrick: Twitter | Email Connect with R P: YouTube | Twitter | LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas.Guest: Tim Warren, Host of Investing BrozInvesting Broz Youtube ➜ @investingbroz Follow on Twitter ➜ @tims_ta  00:00 Intro00:30 Bitcoin still consolidating02:28 Retail have become better investors05:30 Ethereum vs Bitcoin09:30 Ethereum bearish scenarios12:50 Is Bitcoin still leading the market?15:11 Ethereum vs Solana18:22 NVIDIA too risky?21:45 Render opportunity24:50 Avalanche x KONAMI25:30 Polygon Ronin Partnership25:53 TON x BNB26:55 Outro#Crypto #Ethereum #Bitcoin~Ethereum ETF Countdown

Clay Finck chats with Eric Balchunas about what an ETF is and why it's a popular investment tool among retail investors, how Vangaurd was originally created after Bogle was ousted out of his own company, why Vanguard's business model was so successful at attracting new investors, Eric's thoughts on a potential index fund bubble, how Vanguard is disrupting the financial services industry, Eric's thoughts around the effects of a Bitcoin ETF in the future, and much more! IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 02:29 - What an ETF is and why it's a popular investment tool among retail investors. 08:20 - How investors can parce through the thousands of ETFs available to determine which make most sense to them. 12:40 - How Vanguard was originally created after Bogle was ousted out of his own company. 19:09 - Why Vanguard's business model was so successful at attracting new investors. 19:09 - Why other companies haven't followed the Vanguard playbook. 31:20 - What drove Bogle to pass on almost all profits to investors through Vanguard. 37:10 - Eric's thoughts on a potential index fund bubble. 42:07 - How Vanguard is disrupting the financial services industry. 52:35 - Eric's thoughts around the potential Bitcoin ETF. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out Eric's book, The Bogle Effect. Check out Bloomberg's podcast, Trillions. Bloomberg's show, Bloomberg ETF IQ. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota Monarch Money Range Rover Public Airbnb Fundrise NetSuite Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The Ethereum ETF is coming. What's the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other's pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David's? The winner gets a bragging rights POAP.  ------

We apologise for any video/audio issues this episode! -- This episode Eric Balchunas & James Seyffart join the show to discuss the sudden Ethereum ETF approval shock that surprised markets this week. Enjoy! -- Follow Eric: https://x.com/EricBalchunas Follow James: https://x.com/JSeyff Follow Mike: https://x.com/MikeIppolito_ Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/ -- Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/ -- Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii -- (00:00) Introduction (01:12) The ETH Approval (08:55) Demand For An ETH ETF (14:02) Avalanche Ad (15:23) Mantra Ad (16:29) Will We See More ETFs? -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Plus, the “stunning success” of Bitcoin ETFs and why Michael Sonnenshein stepped down as CEO of Grayscale.Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Just when everyone thought that spot Ether ETFs were going to be denied on Thursday, news broke Monday that they are now likely to be approved, with Bloomberg analysts tripling their odds to a 75% chance of approval. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, say this reversal definitely has to do with politics, citing the fight of Staff Accounting Bulletin 121, a rule that was unfriendly to financial institutions wanting to engage with crypto. Plus, they delve into the reasons why Michael Sonnenshein stepped down as CEO of Grayscale after 10 years (hint: it has to do with GBTC), what the 13F filings revealed about who's been buying the spot bitcoin ETFs since the beginning of the year, and what Vanguard's incoming CEO, Salim Ramji, who was instrumental to getting BlackRock to launch its Bitcoin ETF, could mean for crypto's future at the asset management firm.Show highlights:Why Eric believes the ether ETFs will be approvedWhy Matt thinks the Bitcoin ETFs set off a "complete sea change in Washington around crypto"Whether the spot Ether ETFs will be approved with or without stakingWho the authorized participants and other behind-the-scenes players in the ether ETFs will beWhen the ETH ETFs could start trading and why Eric believes they won't be as successful as Bitcoin ETFsWhat the 13F filings revealed about the spot Bitcoin ETFs buyers and why their identities are "stunning"Why Michael Sonnenshein stepped down as CEO of GrayscaleGrayscale's new mini ETF, BTCWhether Vanguard's new CEO appointment could mean a change in attitude by the asset management firm towards cryptoWhat a buffered ETF is and why they could be significantMatt's prediction for the BTC priceTheir outlook on the future of ETFs and developments in the spaceVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors! Polkadot | VaultCraftGuests:Matt Hougan, Chief Investment Officer at Bitwise Asset ManagementPrevious appearances on Unchained: How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRockWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Eric Balchunas, Senior ETF Analyst at Bloomberg IntelligencePrevious appearances on Unchained:How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 YearsWhy Spot Bitcoin ETFs Are Likely to Finally Start Trading on ThursdayWill a Spot Bitcoin ETF Finally Get Approved?Links | Ether ETFsUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a SecurityCoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: SourcesThe Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETFSAB 121Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance Unchained: Senate Votes to Kill SAB 121 Custody Bill: How Crypto Became So Political13F FilingsUnchained: Large Institutions Betting Big on Bitcoin ETFs Revealed in SEC FilingsLeadership changesCoinDesk: Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi VeteranWSJ: Meet Salim Ramji, Who Is Going to Oversee the Retirement Assets of Tens of Millions of Americans-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Latest updates on the Ethereum ETFs approval process from 2 main ETF people: Bloomberg's Eric Balchunas and James Seyffart.  James Seyffart: https://x.com/JSeyff Eric Balchunas: https://x.com/EricBalchunas Chris Inks will join us in the second part to share some interesting trades in crypto and beyond.  Chris Inks: https://twitter.com/TXWestCapital ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY!

Just when everyone thought that spot Ether ETFs were going to be denied on Thursday, news broke Monday that they are now likely to be approved, with Bloomberg analysts tripling their odds to a 75% chance of approval.  Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, say this reversal definitely has to do with politics, citing the fight of Staff Accounting Bulletin 121, a rule that was unfriendly to financial institutions wanting to engage with crypto.  Plus, they delve into the reasons why Michael Sonnenshein stepped down as CEO of Grayscale after 10 years (hint: it has to do with GBTC), what the 13F filings revealed about who's been buying the spot bitcoin ETFs since the beginning of the year, and what Vanguard's incoming CEO, Salim Ramji, who was instrumental to getting BlackRock to launch its Bitcoin ETF, could mean for crypto's future at the asset management firm. Show highlights: Why Eric believes the ether ETFs will be approved Why Matt thinks the Bitcoin ETFs set off a "complete sea change in Washington around crypto" Whether the spot Ether ETFs will be approved with or without staking Who the authorized participants and other behind-the-scenes players in the ether ETFs will be When the ETH ETFs could start trading and why Eric believes they won't be as successful as Bitcoin ETFs What the 13F filings revealed about the spot Bitcoin ETFs buyers and why their identities are "stunning" Why Michael Sonnenshein stepped down as CEO of Grayscale Grayscale's new mini ETF, BTC Whether Vanguard's new CEO appointment could mean a change in attitude by the asset management firm towards crypto What a buffered ETF is and why they could be significant Matt's prediction for the BTC price Their outlook on the future of ETFs and developments in the space Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot VaultCraft Guests: Matt Hougan, Chief Investment Officer at Bitwise Asset Management Previous appearances on Unchained:  How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence Previous appearances on Unchained: How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Will a Spot Bitcoin ETF Finally Get Approved? Links Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security CoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources The Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance  Unchained: Senate Votes to Kill SAB 121 Custody Bill: How Crypto Became So Political 13F Filings Unchained: Large Institutions Betting Big on Bitcoin ETFs Revealed in SEC Filings Leadership changes CoinDesk: Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran WSJ: Meet Salim Ramji, Who Is Going to Oversee the Retirement Assets of Tens of Millions of Americans Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Balchunas, a Bloomberg Intelligence Senior ETF Analyst, underscores the rising popularity and influence of ETFs in investment markets.To get the show every day, follow the podcast here.Today on "Markets Daily," Jenn Sanasie speaks with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, to discuss the recent performance and trends in ETFs, particularly in the context of Bitcoin and Ethereum. He points out the success of Bitcoin ETFs, attracting large investments from a diverse range of institutional investors. Balchunas also expresses doubts about the approval of Ether ETFs due to the SEC's silence and potential election impact. Chapters | 00:00 Introduction and Market Update01:05 The Success of Bitcoin ETFs08:46 Institutional Investors and 13Fs14:24 The Uncertain Future of Ether ETFsLINKS | CoinDesk 20 -Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry's most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.-This episode was hosted by Jenn Sanasie. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Eric Balchunas, a Bloomberg Intelligence Senior ETF Analyst, underscores the rising popularity and influence of ETFs in investment markets.To get the show every day, follow the podcast here.Today on "Markets Daily," Jenn Sanasie speaks with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, to discuss the recent performance and trends in ETFs, particularly in the context of Bitcoin and Ethereum. He points out the success of Bitcoin ETFs, attracting large investments from a diverse range of institutional investors. Balchunas also expresses doubts about the approval of Ether ETFs due to the SEC's silence and potential election impact. Chapters | 00:00 Introduction and Market Update01:05 The Success of Bitcoin ETFs08:46 Institutional Investors and 13Fs14:24 The Uncertain Future of Ether ETFsLINKS | CoinDesk 20 -Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry's most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.-This episode was hosted by Jenn Sanasie. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. In this episode, Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs since their launch two months ago.  Balchunas noted that the ETFs' performance exceeded his expectations, with a faster and more intense "second wind" than anticipated. He attributed this to a combination of asset managers buying in, retail interest, and the "ETF effect" where the knowledge of incoming flows encourages non-ETF investors to buy.  Balchunas also predicted that BlackRock's Bitcoin ETF would likely be the most successful of the nine new spot Bitcoin ETFs, while also doubting that any of the smaller issuers would bow out.  He also discussed the potential for spot Ether ETFs, but was less optimistic about their success compared to Bitcoin ETFs. Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work? Show highlights: Why the Bitcoin ETF performance in the past couple of weeks exceeded Eric's expectations Whether Eric had ever seen the kind of hype around Bitcoin ETFs occur with other ETFs How there has been a lot of retail interest in these past few weeks Eric's insights into how bitcoin reached all-time highs again this week Whether a good portion of the ETF volumes is sustainable and what's driving those large volumes Whether it's safe to say that BlackRock is the winner among issuers Whether the smaller issuers in terms of volume and AUM will close their ETFs When options on Bitcoin ETFs will be approved Whether in-kind redemptions will be allowed in the near future and the role of politics in that Whether Grayscale will have to reduce its fees considering the huge outflows from GBTC Why Eric believes that spot ether ETFs won't have as much demand as the bitcoin ETFs did Reasons the SEC could use to reject spot ether ETFs Whether issuers will rebalance their portfolios at the end of quarters What Eric expects to see in terms of inflows by year's end  Thank you to our sponsors! iTrustCapital Polkadot Uniswap Guest Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence Previous appearances on Unchained: Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Will a Spot Bitcoin ETF Finally Get Approved? Links Recent coverage on Unchained of Bitcoin's surge:  How the Bitcoins in Your ETF Get Sourced: The Real Story Should You Sell Bitcoin Now That It's Nearing Its All-Time High? Miners Appear to Sell $69 Million Worth of Decade-Old Bitcoin Bitcoin Hits New All-Time High Above $69,000, Presaging More Potential Gains Previous coverage on the Unchained podcast of spot Bitcoin ETFs: Bitcoin's Price Is Way Up. And $48 Trillion in Wealth Just Got Access Why Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection Eric's tweet on $IBIT smashing $788m  Ethereum spot ETF: BitMEX Blog: Ethereum ETFs & Staking Eric's tweet on ether ETFs  Unchained:  Why Spot Ether ETFs Likely Won't Steal Bitcoin's Thunder — Even if Staking Is Included Spot Ether ETFs Could Introduce New Concentration Risk in Ethereum: S&P Global Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Balchunas of Bloomberg Intelligence explains why the spot Bitcoin ETFs have made TradFi move at the speed of crypto — and why he's uncertain spot Ether ETFs will be approved. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.In this episode, Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs since their launch two months ago. Balchunas noted that the ETFs' performance exceeded his expectations, with a faster and more intense "second wind" than anticipated. He attributed this to a combination of asset managers buying in, retail interest, and the "ETF effect" where the knowledge of incoming flows encourages non-ETF investors to buy. Balchunas also predicted that BlackRock's Bitcoin ETF would likely be the most successful of the nine new spot Bitcoin ETFs, while also doubting that any of the smaller issuers would bow out. He also discussed the potential for spot Ether ETFs, but was less optimistic about their success compared to Bitcoin ETFs.Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work?Show highlights | Why the Bitcoin ETF performance in the first couple of weeks exceeded Eric's expectationsWhether Eric had ever seen the kind of hype around Bitcoin ETFs occur with other ETFsHow there has been a lot of retail interest in these past few weeksEric's insights into how Bitcoin reached all-time highs again this weekWhether a good portion of the ETF volumes is sustainable and what's driving those large volumesWhether it's safe to say that BlackRock is the winner among issuersWhether the smaller issuers in terms of volume and AUM will close their ETFsWhen options on Bitcoin ETFs will be approvedWhether in-kind redemptions will be allowed in the near future and the role of politics in thatWhether Grayscale will have to reduce its fees considering the huge outflows from GBTCWhy Eric believes that spot ether ETFs won't have as much demand as the bitcoin ETFs didReasons the SEC could use to reject spot ether ETFsWhether issuers will rebalance their portfolios at the end of quartersWhat Eric expects to see in terms of inflows by year's end Thank you to our sponsors! iTrustCapital | Polkadot | UniswapGuest | Eric Balchunas, Senior ETF analyst at Bloomberg IntelligencePrevious appearances on Unchained:Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on ThursdayWill a Spot Bitcoin ETF Finally Get Approved?Links | Recent coverage on Unchained of Bitcoin's surge: How the Bitcoins in Your ETF Get Sourced: The Real StoryShould You Sell Bitcoin Now That It's Nearing Its All-Time High?Miners Appear to Sell $69 Million Worth of Decade-Old BitcoinBitcoin Hits New All-Time High Above $69,000, Presaging More Potential GainsPrevious coverage on the Unchained podcast of spot Bitcoin ETFs:Bitcoin's Price Is Way Up. And $48 Trillion in Wealth Just Got AccessWhy Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFsWhy the SEC May Want Cash Creation of Spot Bitcoin ETFsWhy It Looks Like BlackRock Could Win America's First Spot Bitcoin ETFThe 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market ShareHow Much Money Will Flow Into Bitcoin ETFs? Here's One ProjectionEric's tweet on $IBITsmashing $788m Ethereum spot ETF:BitMEX Blog: Ethereum ETFs & StakingEric's tweet on ether ETFs Unchained: Why Spot Ether ETFs Likely Won't Steal Bitcoin's Thunder — Even if Staking Is IncludedSpot Ether ETFs Could Introduce New Concentration Risk in Ethereum: S&P Global-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After a year and a half hiatus from discussing Bitcoin, we felt compelled to explore the implications of the US Securities and Exchange Commission's approval of 10 spot Bitcoin ETFs for trading. In this episode, we dive into the recent news surrounding Bitcoin and its entry into the mainstream investment landscape through spot Bitcoin ETFs. To help us unpack this topic is Eric Balchunas, a seasoned ETF analyst at Bloomberg Intelligence and host of the Trillions Podcast. Eric brings a wealth of knowledge on ETFs and offers valuable insights into the intersection between traditional financial markets and the cryptocurrency space. Join us as we discuss the implications of Bitcoin ETFs trading on regulated exchanges and the impact on its overall anti-establishment identity, the intricacies of approved cash creation and redemption limitations, what Bitcoin ETFs are backed by, the transparency and potential vulnerabilities of Bitwise, and the complexities of navigating anti-money laundering aspects within Bitcoin transactions. You'll learn how financial advisors are likely to leverage spot Bitcoin ETFs, who stands to benefit the most from Bitcoin ETFs, the broader implications for the investment landscape, why Bitcoin is like Tabasco sauce, and more! Tune in for a captivating exploration of Bitcoin's journey into the mainstream investment arena, with Eric Balchunas.   Key Points From This Episode: (0:04:29) Reasons that Canada officially embraced Bitcoin sooner than the USA.  (0:05:55) Why spot Bitcoin ETFs took longer to be approved by the SEC than futures ETFs.  (0:07:54) Which ETF regulations have changed to allow a spot Bitcoin ETF.  (0:09:42) Approved cash creation and redemption limitations. (0:12:46) What spot Bitcoin EFTs are backed by.  (0:17:15) Bitwise: how it demonstrates transparency and the potential for sabotage.  (0:19:38) How authorized participants will deal with anti-money laundering aspects of Bitcoin transactions.  (0:21:31) How spot Bitcoin ETFs have been trading relative to their net asset value.  (0:22:42) The amount of value flowing into Bitcoin ETFs.  (0:27:23) Differentiating Newborn Nine ETFs from one another.  (0:31:57) Benefits of Bitcoin being made available through an ETF.  (0:34:21) The impact spot Bitcoin ETFs have had on Bitcoin's identity.  (0:38:04) Who has benefited the most from the adoption of spot Bitcoin ETFs. (0:40:36) Comparing spot ETFs starting trade to what was predicted by crypto enthusiasts.  (0:44:36) Vanguard's decision to not allow the spot Bitcoin ETFs on their platform.  (0:48:19)How financial advisors will leverage spot Bitcoin ETFs.  Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Eric Balchunas on LinkedIn — https://www.linkedin.com/in/ericbalchunas/ Eric Balchunas on X — https://twitter.com/EricBalchunas Bloomberg — https://www.bloomberg.com/ Trillions — https://www.bloomberg.com/podcasts/series/trillions U.S. Securities and Exchange Commission — https://www.sec.gov/ Bitwise — https://bitwiseinvestments.com/ Bitwise Bitcoin ETF — https://www.sec.gov/Archives/edgar/data/1763415/000199937124000346/bitcoin-424b3_011024.htm Coinbase — https://www.coinbase.com BlackRock — https://www.blackrock.com Grayscale Bitcoin Trust ETF (GBTC) — https://etfs.grayscale.com/gbtc Vanguard — https://investor.vanguard.com/ Bitcoin — https://bitcoin.org Books From Today's Episode: The Bogle Effect — https://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions/dp/1637740719

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Unless you've been living under a rock, you probably heard that spot Bitcoin ETFs were finally approved by the SEC this week. That set the stage for 11 such offerings from the likes of BlackRock, Fidelity, and ARK 21Shares to begin trading on Thursday. On this episode of Unchained, Nate Geraci, president of the ETF Store; Eric Balchunas, senior ETF analyst at Bloomberg Intelligence; and James Seyffart, research analyst at Bloomberg Intelligence discussed the initial record trading volumes, the mechanics of how the funds work, the botched roll-out process, the pointed commentary from SEC commissioners, the potential for future Ethereum spot ETFs and predictions for total inflows. Plus, they explain why brokerage firms like Vanguard, Merrill and others were blocking customer access to the ETFs. Show highlights: The initial impact and trading volumes on the launch day of the ETFs How BlackRock's ETF, IBIT, had a lot of volume in pre-market and what that means Why Eric was surprised that BlackRock proceeded with a waiver for its ETF, but realized that it was “genius marketing” Whether there's a problem that ETFs don't trade 24/7, unlike BTC itself Why James says the spot ETFs are not going to have significant premiums or discounts to NAV  What the percentage premium is and how it will play out with spot Bitcoin ETFs Whether the SEC will ever allow in-kind creation and redemption Why Nate and Eric believe that the SEC's denials of spot Bitcoin ETFs for a decade was “completely suboptimal” for retail investors How the SEC commissioners pointedly disagreed with each other in their comments and dissents The politics of the approval process Whether Ethereum spot ETFs will be approved next Why some big platforms and brokerages are not offering the spot Bitcoin ETFs How RIAs will respond to the ETF and whether there's going to be mainstream adoption by advisors Thank you to our sponsors! Arbitrum Foundation Popcorn Network iTrustCapital Guests James Seyffart, Research analyst at Bloomberg Intelligence Previous appearances on Unchained: Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence Previous appearances on Unchained: Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Will a Spot Bitcoin ETF Finally Get Approved? Nate Geraci, President of The ETF Store Links Previous coverage of Unchained on spot Bitcoin ETFs: The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Approval: Unchained:  Spot Bitcoin ETFs Finally Receive SEC Seal of Approval What Officials, ETF Issuers, and Others Are Saying About the SEC's Spot Bitcoin ETF Approvals Laura Shin's op-ed on Unchained: Why Spot Bitcoin ETFs Are (But Mostly Aren't) a Big Deal for Crypto David Z. Morris' op-ed on Unchained: The SEC's Bumbling Bitcoin ETF Rollout Was Perfectly On-Brand Learn more about your ad choices. Visit megaphone.fm/adchoices

It's set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it's not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely schedule, and whether all the applications are likely be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be.  Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the recent 19b-4 and S-1 filings say about how close the ETFs are to approval Whether Hashdex's existing futures ETF impacts its treatment in the spot Bitcoin ETF process The likely timeline for trading to start post-ETF approval The possibility of simultaneous launches for all approved ETF issuers The SEC's concerns about ensuring a fair launch, informed by the BITO experience Eric's surprise at JP Morgan's involvement as an Authorized Participant Why the SEC is approving the ETF despite Gensler's stance against crypto What extreme cases Eric believes might cause the ETF not to be approved  How BlackRock's low fees set a challenging benchmark for competitors The potential for an issuer to offer even lower fees than current players How issuer margins are thin due to marketing fees, and the impact of waivers James' theory about why Grayscale might be keeping the fee on GBTC so high Predictions about which issuer(s) will gain the bulk of assets under management The rumor about BlackRock introducing substantial liquidity on the ETF's first day Eric and James's expectations for ETF inflows and market dynamics Thank you to our sponsors! Arbitrum Foundation Popcorn Network Guest: James Seyffart, Research analyst at Bloomberg Intelligence Previous appearances on Unchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence Previous appearances on Unchained: Will a Spot Bitcoin ETF Finally Get Approved? Links Previous coverage of Unchained on spot Bitcoin ETFs: The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Fees  Unchained: Fee Competition Heats Up Among BlackRock and Other Spot Bitcoin ETF Applicants Caitlin Long's tweet warning about no fees Fidelity set their fee to .39% Invesco/Galaxy chose to waive fees Market participants: Unchained: Goldman Sachs Could Take Vital Role in BlackRock, Grayscale Spot Bitcoin ETFs: Report The Block: Nasdaq to meet with SEC today to discuss spot bitcoin ETFs: Source Reuters: BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF CoinDesk: BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF Others: Better Markets' letter: The SEC Must Follow the Law and Reject Spot Bitcoin ETPs Which Will Inflict Massive Investor Harm FXSTREET: BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a week Eleanor Terrett of Fox News' tweet on Better Markets' letter Scott Johnson of Van Buren Capital's estimate Learn more:  Unchained:  Bitcoin ETFs Explained: What Are They & How Do They Work? Why The Spot Bitcoin ETF Is a Big Deal Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF? Learn more about your ad choices. Visit megaphone.fm/adchoices