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.
