Bloomberg analysts James Seyffart and Eric Balchunas discuss the imminent approval of spot Bitcoin ETFs by the SEC. They explore the filings and likely schedule, the cutthroat competition between issuers, and the potential winners. The hosts also touch on JP Morgan's surprising involvement and the SEC's approval despite Gensler's stance on crypto. Other topics include fee reduction strategies, potential exits of GBDC investors, and the impact of rebalancing on Bitcoin volatility.