Bloomberg ETF Analyst: Bitcoin ETFs Could Open on More Platforms by Year's End

Bitcoin ETFs could see two major catalysts by the end of the year as they open up to more investors on more platforms, according to Eric Balchunas, senior analyst for Bloomberg ETFs. The first catalyst involves whether bitcoin ETFs will be accessible to the custody-type industry, Balchunas said, adding that ETFs are not currently on any significant offline platforms, which he noted manage about $7 trillion to $10 trillion in assets. The second catalyst will be the introduction of options trading on bitcoin ETFs, and he estimates that ETF-based options will be available in September.