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Thursday was a momentous day in crypto as the first SEC-approved spot Bitcoin ETFs finally began trading after more than a decade of waiting, and by almost all accounts, it was a huge success, with more than $625 million in inflows on the first day of trading.\xa0\nBitwise CIO Matt Hougan and VanEck head of digital assets research Matthew Sigel joined Unchained to discuss their approaches towards selling their products in the market, the challenges of competing with larger firms like BlackRock and Fidelity, the fee wars and where those are headed, the importance of specialist expertise in the crypto investment space, and how Bitcoin prices might react to all the new supply in the market.\xa0\n\nListen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nWhy Matt Hougan regards the first week as a massive success for Bitcoin\n\nHow Matthew Sigel emphasizes the costs and benefits ETFs offer to retail investors\n\nThe strategic marketing approaches of VanEck and Bitwise aligning with Bitcoin community values\n\nThe reasons for Bitwise's standout performance in the first days of trading, according to Matt\n\nWhether the introduction of Bitcoin ETFs will reshape the broader ETF landscape\n\nMatt's perspective on why some financial institutions resist Bitcoin, and their eventual openness to crypto\n\nWhether the established players in finance feel threatened by the rise of open source technologies\n\nWhether Gary Gensler\u2019s statement after the approval is \u201ctotally crazy\u201d\n\nWhy data for the various ETFs in the market should be analyzed on a weekly or monthly basis\n\nThe ongoing fee competition and how smaller entities can compete against giants like BlackRock and Fidelity\n\nGrayscale's strategies to remain competitive with higher fees and the possibility of launching a new, low-fee ETF\n\nHow investment advisors might adapt to these new crypto products and the potential for mainstream adoption\n\nMatthew\u2019s predictions for when BTC investors, both short-term and long-term, will take profits\n\nWhy they are both closely monitoring Ethereum's performance and the prospects for a spot ether ETF in the market\n\nThank you to our sponsors!\n\nArbitrum Foundation\n\nPopcorn Network\n\nGuests:\n\n\nMatt Hougan, Chief Investment Officer at Bitwise Asset Management\n\nPrevious appearances on Unchained: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\n\n\n\nMatthew Sigel, Head of Digital Assets Research at VanEck.\n\nLinks\n\nPrevious coverage of Unchained on spot Bitcoin ETFs:\n\nWhy Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs\n\nWhy Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday\xa0\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\nWill a Spot Bitcoin ETF Finally Get Approved?\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\nApproval:\n\nUnchained:\xa0\n\nSpot Bitcoin ETFs Finally Receive SEC Seal of Approval\n\nWhat Officials, ETF Issuers, and Others Are Saying About the SEC's Spot Bitcoin ETF Approvals\n\nLaura Shin\u2019s op-ed on Unchained: Why Spot Bitcoin ETFs Are (But Mostly Aren't) a Big Deal for Crypto\n\n\nDavid Z. Morris\u2019 op-ed on Unchained: The SEC\u2019s Bumbling Bitcoin ETF Rollout Was Perfectly On-Brand\n\n\nFirst days of trading\n\nUnchained:\xa0\n\nSpot Bitcoin ETFs Record $4.6 Billion First Day Trading Volume\n\nSpot Bitcoin ETF Inflows Topped $625 Million on First Day in \u2018Phenomenal\u2019 Debut, Led by Bitwise\n\nVanguard Isn\u2019t Allowing Customers to Buy Spot Bitcoin ETFs\n\n\nVisit Unchained for more links and details\nLearn more about your ad choices. Visit megaphone.fm/adchoices