Matt and Nic are back for a historic week in the history of Bitcoin. In this episode:

• Spot ETF approved and starts trading
• Why day 1 flows might disappoint but longer term flows could materialize
• Day 1 price action review
• The GBTC conversion effect
• ETF scoreboard after one day of launch
• The SEC's multiple SNAFUS in their ETF launch
• Gensler's grudging approval and his questionable logic
• Commissioner Crenshaw's dissent
• Gensler may have made a strategic mistake in his dissent
• Prospects for an ETH ETF
• What's next for the Bloomberg ETF boys
• Did Bitcoin change tradfi
• Fidelity is harvesting goodwill
• ETF fee review

Sponsor notes

• Market Structure on the Cusp of Spot Bitcoin ETFs
• In Coin Metrics State of the Network Issue 241, we explore digital asset market structure on the cusp of spot Bitcoin ETFs