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b"Listen 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.\\nUnless you've been living under a rock, you probably heard that spot Bitcoin ETFs were finally approved by the SEC this week. That set the stage for 11 such offerings from the likes of BlackRock, Fidelity, and ARK 21Shares to begin trading on Thursday. On this episode of Unchained, Nate Geraci, president of the ETF Store; Eric Balchunas, senior ETF analyst at Bloomberg Intelligence; and James Seyffart, research analyst at Bloomberg Intelligence discussed the initial record trading volumes, the mechanics of how the funds work, the botched roll-out process, the pointed commentary from SEC commissioners, the potential for future Ethereum spot ETFs and predictions for total inflows. Plus, they explain why brokerage firms like Vanguard, Merrill and others were blocking customer access to the ETFs.\\nShow highlights:\\n\\nThe initial impact and trading volumes on the launch day of the ETFs\\n\\nHow BlackRock\\u2019s ETF, IBIT, had a lot of volume in pre-market and what that means\\n\\nWhy Eric was surprised that BlackRock proceeded with a waiver for its ETF, but realized that it was \\u201cgenius marketing\\u201d\\n\\nWhether there\\u2019s a problem that ETFs don\\u2019t trade 24/7, unlike BTC itself\\n\\nWhy James says the spot ETFs are not going to have significant premiums or discounts to NAV\\xa0\\n\\nWhat the percentage premium is and how it will play out with spot Bitcoin ETFs\\n\\nWhether the SEC will ever allow in-kind creation and redemption\\n\\nWhy Nate and Eric believe that the SEC\\u2019s denials of spot Bitcoin ETFs for a decade was \\u201ccompletely suboptimal\\u201d for retail investors\\n\\nHow the SEC commissioners pointedly disagreed with each other in their comments and dissents\\n\\nThe politics of the approval process\\n\\nWhether Ethereum spot ETFs will be approved next\\n\\nWhy some big platforms and brokerages are not offering the spot Bitcoin ETFs\\n\\nHow RIAs will respond to the ETF and whether there\\u2019s going to be mainstream adoption by advisors\\n\\nThank you to our sponsors!\\n\\nArbitrum Foundation\\n\\nPopcorn Network\\n\\niTrustCapital\\n\\nGuests\\n\\n\\nJames Seyffart, Research analyst at Bloomberg Intelligence\\n\\nPrevious appearances on Unchained: Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday\\n\\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\\nWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\\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\\n\\nNate Geraci, President of The ETF Store\\n\\nLinks\\n\\nPrevious coverage of Unchained on spot Bitcoin ETFs:\\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\\nThe Chopping Block: Are We Back? The \\u2018Low IQ\\u2019 Response to the Potential Spot Bitcoin ETF\\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\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"