Remy Blaire engages in a thought-provoking discussion with Simeon Hyman, the Global Investment Strategist at ProShares. The conversation centers around the current investment landscape, which has been characterized by volatility and unpredictability, particularly in the year 2025.

Remy opens the segment by highlighting the challenges investors face, including tech booms, price swings across various asset classes, and the constant disruption caused by factors such as artificial intelligence and global shifts. She introduces the concept of Ex-Sector ETFs, a strategy that allows investors to step back from specific industries when risks rise without abandoning the broader market.

Simeon celebrates the 10th anniversary of ProShares’ Ex-Sector ETFs, explaining how these funds work by allowing investors to eliminate exposure to a particular sector of the S&P 500. He details the available options, including SPXT (Ex-Technology), SPXE (Ex-Energy), SPXV (Ex-Healthcare), and SPXN (Ex-Financials). Simeon emphasizes that many investors typically have a view on one sector rather than the entire market, making these ETFs a straightforward tool for managing risk.

Throughout the segment, Simeon provides practical examples to illustrate the utility of Ex-Sector ETFs. He discusses how an investor with a bearish view on the energy sector can exclude it from their portfolio, especially when oil prices are declining. He also addresses the significant weight of the technology sector in the S&P 500, suggesting that while it may be tempting to eliminate it entirely, investors can use the Ex-Technology ETF to adjust their exposure without completely abandoning their tech investments.

Remy and Simeon also explore the importance of considering one’s employment sector when making investment decisions. Simeon points out that for individuals working in sectors like healthcare, where their income stream is substantial, it may be wise to reduce their investment exposure to that same sector to diversify their risk.

As the conversation shifts to broader market dynamics, they discuss how political factors, such as regulatory changes and tariffs, can influence investment strategies. Simeon cautions against assuming that sectors are undervalued simply because they appear cheap compared to technology, advising investors to remain mindful of the political landscape, particularly in sectors like healthcare.

The segment also addresses the scenario of receiving a large single stock position as a gift or inheritance. Simeon suggests that using an Ex-Sector ETF, like SPXT for technology, can help balance out the exposure without incurring capital gains taxes from selling the stock.

Remy is joined by Brendan Ahern, CIO of KraneShares, and Teddy Haggerty, CEO of RoboStore, to delve deeper into the implications of these advancements. The segment kicks off with Teddy introducing the Unitree G1, a state-of-the-art humanoid robot designed as a developer package for research and development in robotics. He explains the technology behind the G1, which includes an NVIDIA computer, Intel depth sensors, and LiDAR, showcasing the collaborative efforts of various companies in the robotics ecosystem.

Brendan shares insights from his recent travels in Asia, noting that while Asian economies may currently lead in robotics, the U.S. is rapidly catching up. He discusses the upcoming IPO of Unitree, a Chinese company, and emphasizes the global nature of the robotics industry, which encompasses not only robotics manufacturers but also rare earth companies and automotive manufacturers transitioning into robotics.

The conversation shifts to the potential use cases for humanoid robots, with Brendan highlighting their applications in customer-facing roles, manufacturing, and law enforcement. He elaborates on the integration of AI into these robots, explaining how they can utilize large language models (LLMs) to perform a variety of tasks, thereby enhancing their functionality.

As the discussion progresses, Remy and the guests examine investment themes for 2025, particularly the role of AI in robotics. They reference predictions from companies like Huawei and Morgan Stanley regarding the future prevalence of humanoid robots in households and industries. Brendan underscores the challenges of identifying the leading companies in this rapidly evolving sector, which is why the KOID ETF was created to include a diverse range of firms involved in robotics.

The segment also addresses national security concerns, particularly the collaboration between U.S. technology and Chinese manufacturing in the development of humanoid robots. Remy prompts a discussion on the price points of various models, from entry-level options to high-end versions designed for research and development, highlighting the increasing accessibility of robotics technology.

Remy Blaire engages in a thought-provoking discussion with Kristin Smith, President of the Solana Policy Institute, as they explore the current state of cryptocurrency regulation in the United States. The episode opens with the announcement that an end to the government shutdown is in sight, following the Senate’s approval of shutdown-ending legislation, which sets the stage for potential advancements in crypto legislation.

Kristin shares her insights from the Cantor Crypto Conference in Miami, reflecting on the significant changes in federal crypto policy since the election of President Trump. She highlights key developments over the past year, including the replacement of Gary Gensler at the SEC, the passage of the Genius Act, and the establishment of U.S. strategic crypto reserves. The conversation emphasizes the importance of regulatory clarity in fostering a conducive environment for the cryptocurrency industry.

As they delve deeper, Remy and Kristin discuss the recent IRS guidance that allows crypto exchange-traded products (ETPs) to stake and share rewards. Kristin explains how this clearer tax treatment could transform digital asset adoption, noting that the IRS is also examining broader tax policies for crypto users and investors.

The discussion shifts to the potential for market structure legislation, particularly in light of the Senate Agriculture Committee’s recent draft. Kristin stresses the need for comprehensive rules that incentivize blockchain operators to remain in the U.S. She points out that while the draft is a step forward, it still lacks critical sections addressing DeFi and illicit finance.

Looking ahead, Kristin emphasizes the necessity for collaboration between the SEC and CFTC to clarify regulatory authority over cryptocurrencies. She notes that even without new legislation, these agencies have the power to address many regulatory challenges that have historically plagued the industry.