Valkyrie CIO: Bitcoin spot ETF issuers with assets under management not reaching $100 million may be eliminated from the market

ChainCatcher news, Valkyrie Funds Chief Investment Officer (CIO) Steven McClurg recently stated in an interview that the major Bitcoin spot ETFs have been open for trading for nearly a month, but the sector could shrink in size before the end of this year.

Steven McClurg predicts that among the ten issuers currently operating Bitcoin spot ETFs, only "about seven or eight" issuers may remain by the end of the year, as the costs of operating Bitcoin spot ETFs could be too high, especially in this fee-cutting competition, which may harm the profitability of issuers that are currently struggling. If the assets under management have not reached $100 million by now, then the ETF may need to be abandoned.