On episode 241 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by returning guest Eric Balchunas to discuss the current ETF landscape, Bitcoin investing, market trends, investor behavior, prediction market ETFs, the SpaceX IPO, and much more. Eric shares insights from his Bitcoin book research, how ETFs have evolved over time, why investors are looking for more “hot sauce” in their portfolios, and what the next wave of active, passive, and thematic funds could look like. This episode is sponsored by Invesco. Visit ⁠https://www.invesco.com to learn more. ►00:00 - Cold Open (Hot Open?) The Knicks and Bitcoin ►17:34 - Intro ►19:06 - State of The Markets ►27:02 - Tech Dispersion ►35:13 - SpaceX, Anthropic, and Mega IPOs ►39:35 - New Nasdaq 100 Funds ►43:43 - ETFs, Then and Now, Active vs. Passive ►01:00:16 - Investor Behavior ►01:06:52 - Prediction Market ETFs ►01:14:00 - Lighting Round ►01:19:31 - Custom and Direct Indexing 👕 Check out The Compound shop: https://www.idontshop.com 🎙️Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ The Compound Newsletter: https://www.thecompoundnews.com/subscribe Linkedin: https://www.linkedin.com/company/the-compound-media/ Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews Tik Tok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Josh Brown and Michael Batnick are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. #TheCompoundAndFriends #EricBalchunas #ETFs #Bitcoin #Investing