Nate Geraci, an authoritative voice in the ETF industry, believes that the game is far from over for Bitcoin ETFs. Despite a recent outflow of roughly $850 million, Geraci believes that the game is far from over. The analyst pointed to the insanely successful launch of these ETFs, which have managed to attract roughly $50 billion worth of assets under management.
Furthermore, Geraci stressed that Registered Investment Advisors (RIAs) and brokerage platforms are yet to even approve Bitcoin ETF for use, which means that there is a lot of untapped potential. In a subsequent post, Geraci recalled how many naysayers initially predicted that there would be no demand for Bitcoin ETFs. Geraci was irked by a recent report from the Financial Times, which has called attention to the seemingly waning demand for the much-touted product. BlackRock's ETF attracted a relatively modest $576 million worth of inflows. At the same time, its rivals hardly attracted any inflows