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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.\nIn this episode, Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs since their launch two months ago.\xa0\nBalchunas 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.\xa0\nBalchunas 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.\xa0\nHe also discussed the potential for spot Ether ETFs, but was less optimistic about their success compared to Bitcoin ETFs.\nLearn more: Bitcoin ETFs Explained: What Are They & How Do They Work?\nShow highlights:\n\nWhy the Bitcoin ETF performance in the past couple of weeks exceeded Eric's expectations\n\nWhether Eric had ever seen the kind of hype around Bitcoin ETFs occur with other ETFs\n\nHow there has been a lot of retail interest in these past few weeks\n\nEric's insights into how bitcoin reached all-time highs again this week\n\nWhether a good portion of the ETF volumes is sustainable and what's driving those large volumes\n\nWhether it's safe to say that BlackRock is the winner among issuers\n\nWhether the smaller issuers in terms of volume and AUM will close their ETFs\n\nWhen options on Bitcoin ETFs will be approved\n\nWhether in-kind redemptions will be allowed in the near future and the role of politics in that\n\nWhether Grayscale will have to reduce its fees considering the huge outflows from GBTC\n\nWhy Eric believes that spot ether ETFs won't have as much demand as the bitcoin ETFs did\n\nReasons the SEC could use to reject spot ether ETFs\n\nWhether issuers will rebalance their portfolios at the end of quarters\n\nWhat Eric expects to see in terms of inflows by year\u2019s end\xa0\n\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nUniswap\n\nGuest\n\n\nEric Balchunas, Senior ETF analyst at Bloomberg Intelligence\n\nPrevious appearances on Unchained:\n\nWhy Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday\n\nWill a Spot Bitcoin ETF Finally Get Approved?\n\nLinks\nRecent coverage on Unchained of Bitcoin\u2019s surge:\xa0\n\nHow the Bitcoins in Your ETF Get Sourced: The Real Story\n\nShould You Sell Bitcoin Now That It\u2019s Nearing Its All-Time High?\n\nMiners Appear to Sell $69 Million Worth of Decade-Old Bitcoin\n\nBitcoin Hits New All-Time High Above $69,000, Presaging More Potential Gains\n\nPrevious coverage on the Unchained podcast of spot Bitcoin ETFs:\n\nBitcoin\u2019s Price Is Way Up. And $48 Trillion in Wealth Just Got Access\n\nWhy Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs\n\nWhy the SEC May Want Cash Creation of Spot Bitcoin ETFs\n\nWhy It Looks Like BlackRock Could Win America\u2019s First Spot Bitcoin ETF\n\nThe 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share\n\nHow Much Money Will Flow Into Bitcoin ETFs? Here\u2019s One Projection\n\nEric\u2019s tweet on $IBIT smashing $788m\xa0\n\nEthereum spot ETF:\n\nBitMEX Blog: Ethereum ETFs & Staking\n\n\nEric\u2019s tweet on ether ETFs\xa0\n\nUnchained:\xa0\n\nWhy Spot Ether ETFs Likely Won\u2019t Steal Bitcoin\u2019s Thunder \u2014 Even if Staking Is Included\n\n\nSpot Ether ETFs Could Introduce New Concentration Risk in Ethereum: S&P Global\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices