Is Bitcoin Too Boring for Investors in an AI World?
The shine has clearly worn off of bitcoin if the recent price crash is any indicator. Find out what industry experts think this says about the state of the market and investors headed into the summer months on this episode of ETF Zoo.
In this episode of the ETF Zoo, Dave Nadig, President & Director of Research at ETF.com and Sumit Roy, Senior ETF Analyst at ETF.com, chat with Cinthia Murphy, Director of Research at TMX VettaFi, and Todd Sohn, Senior ETF & Technical Strategist, Strategas Securities. The crew this week discusses the shine wearing off bitcoin, the massive swell of tech investment and implications looking ahead, SpaceX IPO valuations, and more.
Prefer to watch this episode? You can find that here or on our YouTube channel. You can also find this conversation on and Apple Podcasts.
Highlights From This Episode
• Tech is dominating ETF flows in a way that's hard to ignore. Since the March 30 low, tech ETFs have pulled in $27 billion as of recording, while every other sector combined has seen net outflows. What’s more, semiconductors are now larger than the entire defensive sector, with tech making up nearly 40% of the S&P 500.
• Vanguard's VOO has officially crossed $1 trillion to overtake SPY as the largest S&P 500 ETF. The Zoo crew discussed the milestone, crediting structural advantages like dividend reinvestment and lower costs, for VOO’s consistent gains. It’s a clear signal that despite active innovation and investor interest, passive, low-cost investing will always win the day.
• Bitcoin is losing the attention war to AI, but it's not a traditional crypto winter. Without a major crisis like FTX to blame, the group largely agreed that AI is simply sucking the oxygen out of the room, leaving Bitcoin and Ethereum looking boring by comparison while niche tokens like Hyperliquid hit new highs.
• The SpaceX IPO is generating excitement and serious red flags in equal measure. With Morningstar valuing the company at roughly $800 billion, well below its expected IPO price, and concerns around redemption gates, SPV structures, and Elon Musk retaining 80% voting control, the Zoo crew this week urges investors to go in with eyes wide open.
Find out more about this episode’s guests:
Cinthia Murphy: TMX VettaFi and follow Cinthia on LinkedIn
