Summary
Bitcoin ETFs have seen huge success this year, but the market may narrow down to only three to five winners next year due to a gap between the biggest issuers and the rest. Retail investors have been driving early investments, while banks and brokers are taking longer to offer these products. Smaller ETFs may struggle to compete with larger players, and the space is expected to become smaller next year.
Key Points
1. Bitcoin ETFs have seen significant success this year, with a few major players emerging as winners in the market.
2. Despite the absence of some big financial players, the launch of Bitcoin ETFs has been the most successful in history, indicating strong market demand.
3. Competition among ETF issuers is fierce, with smaller players facing challenges in competing with larger peers who have crossed the $1 billion mark in assets under management.