Bitcoin’s Wall Street Takeover: ETFs, BlackRock & The New Era with Eric Balchunas
Bloomberg Senior ETF Analyst Eric Balchunas joins The Last Trade for an in-depth discussion on Bitcoin's historic Wall Street takeover through the ETF wrapper. Eric explains how IBIT became the 20th largest ETF in the country in record time, what makes the demand dynamics for Bitcoin ETFs unique compared to other commodity ETFs, and how BlackRock's endorsement has functionally legitimized Bitcoin for traditional finance. The conversation covers Eric's background at Bloomberg, the analysis he produces on ETF flows and AUM, and what the data says about who is buying Bitcoin ETFs and why the pace of adoption continues to surprise even veteran ETF analysts.
Show Notes
Bloomberg Senior ETF Analyst Eric Balchunas joins The Last Trade for an in-depth discussion on Bitcoin's historic Wall Street takeover through the ETF wrapper. Eric explains how IBIT became the 20th largest ETF in the country in record time, what makes the demand dynamics for Bitcoin ETFs unique compared to other commodity ETFs, and how BlackRock's endorsement has functionally legitimized Bitcoin for traditional finance. The conversation covers Eric's background at Bloomberg, the analysis he produces on ETF flows and AUM, and what the data says about who is buying Bitcoin ETFs and why the pace of adoption continues to surprise even veteran ETF analysts.
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