Onramp Bitcoin Media Bitcoin’s Wall Street Takeover: ETFs, BlackRock & The New Era with Eric Balchunas
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Jul 25, 2025 Eric Balchunas, a Bloomberg ETF analyst with expertise in Bitcoin and crypto ETFs, dives into the explosive rise of Bitcoin ETFs, particularly influenced by BlackRock's recent strategies. He shares insights on the evolving relationship between traditional finance and Bitcoin, highlighting generational shifts in investment perspectives. The conversation tackles security concerns, the legitimacy of Bitcoin as an asset, and its potential to reshape modern portfolios. Balchunas humorously navigates the complexities of the crypto market, revealing key trends and future implications.
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Eric's Bloomberg Journey
- Eric Balchunas transitioned from PR to data and then research at Bloomberg, giving him a unique perspective on ETFs.
- He became a leading voice in Bitcoin ETF coverage since the Winklevoss filing in 2013 and the explosive BlackRock filing in 2023.
Knowledge Increases Bitcoin Allocation
- Learning deeply about Bitcoin often increases investors' allocation rather than decreases it.
- Understanding Bitcoin's scarcity and decentralized design boosted Eric's respect and partial orange-pilling.
Bitcoin ETFs Break Records
- Bitcoin ETFs have achieved record-breaking growth, matching gold ETFs' assets in just 1.5 years.
- IBIT became the fastest ETF to $80 billion and the 20th largest ETF overall, signaling huge institutional adoption.
