Bloomberg Eric Balchunas: Bitcoin ETF will be opened on more platforms

Eric Balchunas, an ETF analyst at Bloomberg, noted that the key drivers this year will be full-service broker-dealers and more Bitcoin-based ETF products. He believes that these factors combined with the Bitcoin halving effect will greatly promote the development of Bitcoin ETFs in the coming months.

Bitcoin ETF will be opened on more platforms

According to a report by The Block, Bloomberg ETF analyst Eric Balchunas pointed out that in the next few months, Bitcoin ETF is likely to land on large brokerages Dealer platforms, these platforms manage huge amounts of assets, ranging from $7 trillion to $10 trillion. This would provide more people with access to a Bitcoin ETF, which Balchunas said would be like putting the product on a large supermarket shelf. This exposure and accessibility will have a positive impact on Bitcoin ETFs.

He believes that in addition to large broker-dealers, other large investment platforms such as Raymond James and LPL are also likely to promote the expansion of the investment scope of ETFs, which may lead many smaller platforms to follow their lead.

Create more products based on Bitcoin ETF

Balchunas said the second catalyst will be the launch of Bitcoin ETF options trading. He estimates ETF-based options will be available in September.

In addition to options, financial institutions may also develop structured products around ETFs, such as

• Leveraged ETFs: such as 2X Spot Bitcoin ETF

• Long/shosrt strategy: long Bitcoin/short gold strategy

He believes that financial institutions will conduct experiments, And design some successful products that will rely on the Bitcoin ecosystem. What is certain is that there will be various structures and package deals developed around the ten core Bitcoin ETFs we see today.

Balchunas believes these two huge catalysts still exist. Not to mention that the halving may also cause the price of Bitcoin to increase.

The fact that they did so well without solicitation, without a big platform, without options is a small miracle.

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