Bitcoin ETFs will need to wait until 2028 halving and tool development for widespread adoption

Columns：Bitcoin author：BTCZXW time：2024-09-09 14:45:04

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As a potential "adoption tool", Bitcoin ETFs still need time. Jim Bianco, CEO of Bianco Research, pointed out that the key to widespread adoption of this tool lies in future market conditions and technological development.

According to his analysis, spot Bitcoin ETFs have not lived up to expectations since the beginning of this year, which is closely related to capital outflows, loss-making holders and the lack of institutional investors. He mentioned: "The first eight months of spot BTC trading show that simple construction is not enough to attract large-scale investment."

In order to promote the development of the ETF market, Bianco believes that patience is needed and expects that Bitcoin halving and major breakthroughs in on-chain tools by 2028 may bring changes to the market.

What do you think about the future of Bitcoin ETFs? Welcome to share your insights!

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