According to several experts in the sector, Bitcoin ETFs and cryptocurrency-related ETFs have made significant progress since launching in January 2024 and setting inflow records.
Here’s what three Bitcoin-ETF experts had to say about the sector’s growth, why people are choosing Bitcoin ETFs, what the U.S. buying Bitcoin (CRYPTO: BTC) could mean for demand and validation, and what comes next for cryptocurrency ETFs.
Beating Expectations: The launch of Bitcoin ETFs has been an “amazing journey” that could be “just beginning,” WisdomTree Global Head of Research Chris Gannatti said at Benzinga’s recent ETF event.
“At WisdomTree, we’ve been amazed to watch the appetite, the adoption,” Gannatti said.
Gannatti said it’s clear there was pent-up demand for Bitcoin ETFs and everyone has now seen “incredible growth.”
WisdomTree was one of the first companies with a Bitcoin ETF with the WisdomTree Bitcoin Fund (BATS:BTCW).
Bitwise Asset Management Head of Research Ryan Rasmussen echoed the early success of Bitcoin ETFs with his company behind the Bitwise Bitcoin ETF Trust (NYSE:BITB) and several other crypto-related ETFs.
“The adoption and performance of Bitcoin ETFs since they launched in the US since last January is just incredible,” Rasmussen said.
Rasmussen said Bitcoin ETFs broke the one-year record for inflows and continue to see strong demand.
“We’re extremely excited about it. Just getting started.”
After the launch of the initial batch of Bitcoin ETFs came other funds like the Innovator Uncapped Bitcoin 20 Floor ETF (BATS:QBF), which offers limited downside for investors.
Innovator Director of Product Strategy Andrew Nelson said the initial growth of Bitcoin ETFs is what spurred the company launching a crypto ETF.
“There’s room for everybody,” Nelson said.
Nelson said Innovator’s fund creates additional investment opportunities for investors and another tool in their …