Bloomberg senior ETF analyst Eric Balchunas said there may be more inflows into spot Bitcoin ETFs in the coming period.
Eric Balchunas recently told The Block: spot Bitcoin exchange-traded funds (ETFs) He pointed to two major catalysts for The analyst stated that major brokerage platforms will also enter the spot Bitcoin ETF market in the coming period. fund inflow may accelerate hinted.
Secondly, by stating that options trading based on ETFs will become more common. 2024 He noted that the spot Bitcoin ETF craze could snowball by the end of the year.
of these platforms Between 7 and 10 trillion dollars Emphasizing that he manages assets, Balchunas pointed out the size of possible inflows and reminded that more investor access will also positively affect the price:
It’s like putting a product on the shelf of Whole Foods or a big box store. This kind of exposure and availability will only help. These are the two big catalysts that I think still need to come. Not to mention halvening, which could cause a price jump. It’s a small miracle that they’ve done so well without demand, without big platforms, without options.