According to Eric Balchunas on Twitter, his recent discussion with Cedric provided in-depth insights into bitcoin ETFs, the broader fund industry, and essential takeaways for crypto intermediaries based on Jack Bogle's investment principles (source: Eric Balchunas Twitter, June 16, 2025). The conversation highlighted how the rise of bitcoin ETFs is reshaping access and liquidity in the crypto market, encouraging intermediaries to adopt transparency, low fees, and investor-centric approaches. These factors are expected to drive competitive advantages for platforms offering BTC products, making it crucial for traders to monitor fund industry trends and regulatory developments impacting bitcoin ETF liquidity and pricing.