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Unchained

How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years - Ep. 616

Mar 8, 2024
Eric Balchunas, a Senior ETF Analyst at Bloomberg Intelligence, shares insights into the astonishing success of Bitcoin ETFs since their launch. He discusses how these ETFs achieved inflows in weeks that took gold ETFs years to reach. With a surge in retail interest, Balchunas attributes this to the 'ETF effect' and predicts BlackRock's Bitcoin ETF will lead the pack. He also touches on the potential for spot Ether ETFs while expressing skepticism about their future success compared to Bitcoin. Expect a fascinating dive into the evolving ETF landscape!
57:06

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin ETFs outperformed expectations due to vibrant market dynamics and retail interest.
  • Bitcoin ETFs grew rapidly, surpassing traditional ETF norms and hinting at potential future growth.

Deep dives

Bitcoin ETFs' Moment of Growth and Market Influence

The recent surge of the spot Bitcoin ETFs has surprised many in the market. Expected to play a vital role akin to gold ETFs, the Bitcoin ETFs have witnessed a significant influx of funds and volumes, surpassing initial expectations. Observers note a clear second wind in the market, accelerating interest and volume, leading to positive impacts on Bitcoin's price. The ETF effect, as termed by analysts, has generated a buoyant sentiment and attracted a mix of retail and asset managers, creating a promising uptrend.

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