Posted 2/20/2024, 8:06:14 PM
Bitcoin ETF Market Headed for Consolidation Around a Few Major Players, Predicts 21Shares President
- Bitcoin ETFs have seen huge success so far, but the market will likely shrink as a few major players dominate
- 21Shares President Ophelia Snyder predicts only 3-5 "winners" in the Bitcoin ETF market long-term
- Retail investors have driven most of the demand so far; major institutional buyers still evaluating products
- Smaller ETF issuers will struggle to compete with the handful of largest players as markets gravitate to liquidity
- Snyder "If you don’t cross $1 billion soon, there is no way that this works" as success compounds for the biggest firms