Eric Balchunas & James Seyffart: The Race for a Winning Spot Bitcoin ETF

Jan 8, 2024

Eric Balchunas, Bloomberg ETF analyst, and James Seyffart, Bloomberg Intelligence research analyst, discuss the approval of Spot Bitcoin ETFs by the SEC, the competition in the market, and the creation/redemption process. They explore the differences between owning Bitcoin and owning a Spot Bitcoin ETF. The podcast also covers the progress of spot Bitcoin ETF applications, the government's role in custodian selection, the involvement of JP Morgan in Bitcoin ETFs, and the impact of BlackRock and Fidelity on the space.

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Introduction

00:00 • 2min

Advantages of ETFs and the Significance of Spot Bitcoin ETF

02:14 • 7min

Bitcoin mining sponsor segment and discussion on ETFs and mutual funds

08:55 • 4min

Progress of Spot Bitcoin ETF Applications

13:21 • 17min

Government's Role in Bitcoin ETF Custodian Selection and Creation Redemption Process

30:32 • 3min

Fidelity Digital Services as Custodian

33:19 • 9min

Bitcoin ETFs and the Involvement of JP Morgan

41:50 • 18min

In this episode with Eric Balchunas and James Seyffart we discuss:

Spot Bitcoin ETF approvals by the SEC
How with the Spot Bitcoin ETFs compete?
Will one Spot Bitcoin ETF take majority of market share?
How does the creation/redemption process work?
Why did SEC want cash vs. in-kind redemptions?
Is Spot Bitcoin ETF the same as owning Bitcoin?

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Eric Balchunas is an analyst at Bloomberg Intelligence focused on exchange-traded funds, writes research for Bloomberg Terminal, and is one of the creators and hosts of the Bloomberg TV series "Bloomberg ETF IQ" and the podcast "Trillions." He's also the author of "The Institutional ETF Toolbox" & "The Bogle Effect.” Eric has a Bachelor's degree in journalism and environmental economics from Rutgers University. Follow Eric on X/Twitter at https://x.com/EricBalchunas

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James Seyffart is a research analyst within Bloomberg Intelligence (Bloomberg LP's Research Department), focusing on the broader asset management industry with specialized expertise in the coverage of ETFs, Mutual Funds, and Hedge Funds. And he has experience researching cryptocurrencies and digital assets. He has a Bachelor's degree in Finance and Accounting from The College Of New Jersey (TCNJ). Follow James on X/Twitter at https://x.com/jseyff

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