Bitwise’s Matt Hougan and VanEck’s Matthew Sigel delve into the details of the first two days of trading and what each company tried to focus on with its offering. 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.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. Bitwise 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. Show highlights:Why Matt Hougan regards the first week as a massive success for BitcoinHow Matthew Sigel emphasizes the costs and benefits ETFs offer to retail investorsThe strategic marketing approaches of VanEck and Bitwise aligning with Bitcoin community valuesThe reasons for Bitwise's standout performance in the first days of trading, according to MattWhether the introduction of Bitcoin ETFs will reshape the broader ETF landscapeMatt's perspective on why some financial institutions resist Bitcoin, and their eventual openness to cryptoWhether the established players in finance feel threatened by the rise of open-source technologiesWhether Gary Gensler’s statement after the approval is “totally crazy”Why data for the various ETFs in the market should be analyzed on a weekly or monthly basisThe ongoing fee competition and how smaller entities can compete against giants like BlackRock and FidelityGrayscale's strategies to remain competitive with higher fees and the possibility of launching a new, low-fee ETFHow investment advisors might adapt to these new crypto products and the potential for mainstream adoptionMatthew’s predictions for when BTC investors, both short-term and long-term, will take profitsWhy they are both closely monitoring Ethereum's performance and the prospects for a spot ether ETF in the marketThank you to our sponsors!  Arbitrum Foundation  |  Popcorn NetworkGuests:Matt Hougan, Chief Investment Officer at Bitwise Asset ManagementPrevious appearances on Unchained: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Matthew Sigel, Head of Digital Assets Research at VanEck.LinksPrevious coverage of Unchained on spot Bitcoin ETFs:Why Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFsWhy Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday Why the SEC May Want Cash Creation of Spot Bitcoin ETFsWhy It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETFWill a Spot Bitcoin ETF Finally Get Approved?The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market ShareHow Much Money Will Flow Into Bitcoin ETFs? Here’s One ProjectionApproval:Unchained: Spot Bitcoin ETFs Finally Receive SEC Seal of ApprovalWhat Officials, ETF Issuers, and Others Are Saying About the SEC's Spot Bitcoin ETF ApprovalsLaura Shin’s op-ed on Unchained: Why Spot Bitcoin ETFs Are (But Mostly Aren't) a Big Deal for CryptoDavid Z. Morris’ op-ed on Unchained: The SEC’s Bumbling Bitcoin ETF Rollout Was Perfectly On-BrandFirst days of tradingUnchained: Spot Bitcoin ETFs Record $4.6 Billion First Day Trading VolumeSpot Bitcoin ETF Inflows Topped $625 Million on First Day in ‘Phenomenal’ Debut, Led by BitwiseVanguard Isn’t Allowing Customers to Buy Spot Bitcoin ETFsEther Rallies on Optimism Following Spot Bitcoin ETF ApprovalsSpot Bitcoin ETF Approval Sparks Altcoin RallyCoinDesk: UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to RumorsThe Block: Elizabe