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Bankless

BTC ETF Approval with Eric Balchunas

Jan 11, 2024
27:19
Snipd AI
Financial expert and analyst, Eric Balchunas, discusses the approval of the Bitcoin ETF and its potential impact. He explores the performance of various ETFs, including Gold's GLD and BlackRock's I shares. The podcast also discusses layer two solutions for Ethereum, such as Mantle and Arbitrum, as well as Celo's proposal for real-world adoption.
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Podcast summary created with Snipd AI

Quick takeaways

  • The approval and launch of Bitcoin spot ETFs has generated significant trading volume, surpassing previous records and indicating strong investor interest and demand.
  • The approval of Bitcoin spot ETFs by the SEC is a positive sign for the crypto market, opening up a substantial capital pipeline and potentially surpassing gold ETFs in terms of assets under management.

Deep dives

Record-breaking launch of Bitcoin spot ETFs

The podcast episode discusses the recent approval and launch of Bitcoin spot exchange-traded funds (ETFs). The host interviews Eric Baltunas, a senior ETF analyst, who accurately predicted the approval of the Bitcoin spot ETFs. The volume of trading in the Bitcoin spot ETFs has already surpassed previous records, with approximately 2.7 billion dollars traded on the first day. The largest inflows were seen in BlackRock's iShares ETF, which reached over half a billion dollars. The episode explores the implications of this historic launch and the potential for further growth in the market.

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