Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
In this episode, Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs since their launch two months ago.
Balchunas noted that the ETFs' performance exceeded his expectations, with a faster and more intense "second wind" than anticipated. He attributed this to a combination of asset managers buying in, retail interest, and the "ETF effect" where the knowledge of incoming flows encourages non-ETF investors to buy.
Balchunas also predicted that BlackRock's Bitcoin ETF would likely be the most successful of the nine new spot Bitcoin ETFs, while also doubting that any of the smaller issuers would bow out.
He also discussed the potential for spot Ether ETFs, but was less optimistic about their success compared to Bitcoin ETFs.
Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work?
Show highlights:
Recent coverage on Unchained of Bitcoin’s surge:
Previous coverage on the Unchained podcast of spot Bitcoin ETFs:
Ethereum spot ETF:
Learn more about your ad choices. Visit megaphone.fm/adchoices
2022 in Review + How Cobie and Chris Burniske Are Playing the New Year - Ep. 434
The Chopping Block: Was FTX a Scam From the Very Beginning? - Ep. 433
How Much Prison Time Is FTX's Sam Bankman-Fried Facing? - Ep. 432
How Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate - Ep. 431
Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years - Ep. 430
Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It? - Ep. 429
The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? - Ep. 428
Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months - Ep. 427
'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis - Ep. 426
Gabriel Haines on How He Came to Make His Hilarious, Yelling Crypto Videos - Ep. 425
The Chopping Block on FTX/Alameda: Is Sam Bankman-Fried 'Crypto Kanye'? - Ep. 424
Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion - Ep. 423
Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? - Ep. 422
The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater - Ep. 421
Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In - Ep. 420
Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets - Ep. 419
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? - Ep. 418
Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate - Ep. 417
The Chopping Block: Can Exchange CEOs Like SBF Be Crypto True Believers? - Ep. 416
Bitcoin Miners Going Bankrupt? Here's How Crypto Winter Is Impacting the Industry - Ep. 415
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Sarah Westall - Business Game Changers
Wall Street Breakfast
Money Talks from The Economist