Bitcoin ETFs need time to be ‘instrument of adoption’ — Bianco Research CEO
Bianco Research CEO Jim Bianco says the next Bitcoin halving in 2028 and significant development of on-chain tools are needed for wider ETF adoption.
Bitcoin exchange-traded funds (ETFs) that launched in the United States early this year will need more time before they become an “instrument of adoption” instead of being a “small tourist tool,” says a former Wall Street analyst.
Jim Bianco, the CEO of analytics firm Bianco Research said in a Sept. 8 X post that he doesn’t think spot Bitcoin (BTC) ETFs have lived up to the pre-approval hype since they launched for trading in January.
He claimed recent outflows, holders losing on their positions and a lack of major institutional investment are signs that the Bitcoin ETF market might need more time to mature.
Bianco Research CEO Jim Bianco says the next Bitcoin halving in 2028 and significant development of on-chain tools are needed for wider ETF adoption.
Bitcoin exchange-traded funds (ETFs) that launched in the United States early this year will need more time before they become an “instrument of adoption” instead of being a “small tourist tool,” says a former Wall Street analyst.Jim Bianco, the CEO of analytics firm Bianco Research said in a Sept. 8 X post that he doesn’t think spot Bitcoin (BTC) ETFs have lived up to the pre-approval hype since they launched for trading in January.He claimed recent outflows, holders losing on their positions and a lack of major institutional investment are signs that the Bitcoin ETF market might need more time to mature.Read more