Full Signal Bitcoin is taking over Wall Street | Eric Balchunas, Bloomberg Intelligence
Dec 11, 2025
In this discussion, Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, dives into the booming world of ETFs and the increasing dominance of Bitcoin in traditional finance. He highlights the staggering number of ETFs launched this year and the implications for investors. Eric explains how crypto ETFs are legitimizing the market and shares insights on Vanguard's game-changing approval of Bitcoin ETFs. He also debates the effectiveness of passive versus active investing in shaping market dynamics, offering a unique perspective on industry risks.
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ETFs' Triple Crown And Possible Taper
- ETFs hit a 'triple crown' this year: record launches, flows, and volume, showing the wrapper's dominance.
- Eric Balchunas warns growth may slow and expects reality checks after this banner year.
More ETFs Than Stocks Is Not Inherently Bad
- There are more ETFs than stocks but Eric sees this as capitalism and creativity producing useful winners.
- He argues the sheer number isn't inherently harmful but increases selection burden for investors.
Use Leveraged ETFs Only For Small Bets
- Treat leveraged ETFs as speculative tools and limit them to a small portion of your portfolio.
- Know they trade actively and are unsuitable for long-term compounding wealth strategies.