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b'This week\\u2019s emphatic ruling in favor of Grayscale in its suit against the SEC to convert its massive bitcoin trust into an ETF generated plenty of hopium among the bitcoin faithful that a spot bitcoin ETF will get approved soon and open a flood of investment in bitcoin. What are the odds of that truly happening now, though, and if it did, how much additional money could wind up being invested in bitcoin as a result? Also, which companies\\u2019 applications would get approved first and how would the various products compete with one other? Bloomberg\\u2019s senior ETF analyst Eric Balchunas separates the hype from the reality in answering these questions and more.\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy Bloomberg increased the likelihood of a Bitcoin ETF being approved this year from 50% to 75%\\n\\nhow the ruling exceeded the expectations of the legal analysts at Bloomberg\\n\\nwhy it\'s important that the ruling was a bipartisan decision\\n\\nwhether, from a legal perspective, it\'s "weird" to deny a spot ETF but approve a futures one\\n\\nhow a spot Bitcoin ETF would act as a bridge for Baby boomers to invest in crypto\\n\\nwhat the two most likely SEC responses to the ruling are\\n\\nwhat the likely timelines for an SEC spot Bitcoin ETF approval or disapproval would be\\n\\nwhether Gary Gensler\'s agency will approve Ethereum futures ETFs in the U.S.\\n\\nwhy BlackRock\'s and Fidelity\'s ETFs are more likely to be approved first, according to Eric\\n\\nhow the different ETFs would compete in the market\\n\\nwhy spot Bitcoin ETFs pose a serious threat to crypto exchanges\' businesses\\n\\nEric\'s estimate of how much additional money would pour into Bitcoin if a spot Bitcoin ETF is approved\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nArbitrum Foundation\\n\\nThales DAO\\n\\nToku\\n\\nGuest\\n\\nEric Balchunas, Senior ETF analyst at Bloomberg Intelligence\\nLinks\\n\\nPrevious coverage of Unchained on Grayscale and ETFs:\\n\\nWhy Grayscale Is Suing the SEC Over Its Denial of a Bitcoin ETF\\n\\nBitwise\\u2019s Latest Plans to Get a Bitcoin ETF Approved\\n\\nDCG\\u2019s Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini?\\n\\nGemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?\\n\\n\\u2018The Last Big Whale\\u2019: Why the Crypto Contagion of 2022 Eventually Hit Genesis\\n\\nUnchained:\\xa0\\n\\nGrayscale Wins Lawsuit Against SEC Over Denial of Bid to Convert GBTC Into a Bitcoin ETF\\n\\nBitcoin ETFs Explained: What Are They & How Do They Work?\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'