Bitcoin ETF Market Needs More Time to Mature

• Bitcoin ETFs in the US have not lived up to the hype and are still a "small tourist tool."
• Recent outflows, losses for holders, and lack of institutional investment indicate the market needs more time to mature.
• Over $1 billion in net outflows from US Bitcoin ETFs in the last eight trading days.
• Spot Bitcoin ETF market now at $48 billion in assets under management, down from $61 billion in March.
• Analyst Jim Bianco believes the market needs the next Bitcoin halving and onchain tools to truly succeed.
• Not all analysts agree, with some pointing out the billions of assets under management for Bitcoin ETFs.

Summary :
Bitcoin exchange-traded funds (ETFs) in the United States have not yet become a mainstream investment tool, according to former Wall Street analyst Jim Bianco. He believes that recent outflows, losses for holders, and a lack of significant institutional investment indicate that the Bitcoin ETF market needs more time to mature. Over $1 billion has been withdrawn from the 11 US Bitcoin ETFs in the last eight trading days, reducing the market's assets under management to around $48 billion. Bianco suggests that the market will need to wait for the next Bitcoin halving in 2028 and the development of onchain tools before it can truly thrive. However, not all analysts agree with Bianco's assessment, as some point out that the Bitcoin ETFs have already accumulated billions of dollars in assets under management.

Sources :

- CoinTelegraph