Valkyrie CIO predicts negative trend in the Bitcoin ETF market

Bitcoin exchange-traded funds (ETFs) are nearing their one-month mark since launch, with Valkyrie Funds’ Chief Investment Officer, Steven McClurg, forecasting potential consolidation in the industry by year-end. Among the current ten issuers, McClurg predicts that only “about seven or eight” may survive due to the significant costs associated with operating a spot ETF for Bitcoin,…

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