Bitcoin ETF approval was a landmark decision for the entire digital currency sphere, giving a mainstream platform to the virtual asset. However, since the approval of the ETFs, only two of them have emerged as a great success. These two ETFs, namely Blackrock and Fidelity have dominated the ETF sphere with high inflows since their debut. Despite this, Bloomberg analyst believes that even the other Bitcoin ETFs have the potential to perform well in the future.
Low-performing Bitcoin ETFs have hope for the future
Senior Analyst for Bloomberg, Eric Balchunas in an X post said that all Bitcoin ETFs have the potential to perform in the future. Balchunas states that the prediction that “some of these (Bitcoin ETFs) won’t make it” is the new sarcastic remark for those who used to say “they won’t get any assets”. This resonates with the previous view that the SEC had for rejecting the Bitcoin exchange-traded fund approval for over a decade.
Balchunas also anticipates all the spot B

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