**Bitcoin ETFs: A Slow Start, But Potential Ahead**

Bitcoin ETFs in the US, launched earlier this year, haven't yet become the game-changer many anticipated. Jim Bianco, CEO of Bianco Research, noted in a recent post that these ETFs have seen significant outflows and lack major institutional investment. With over $1 billion in net outflows in the past eight days, the market's assets under management have dropped from $61 billion in March to around $48 billion now.

Bianco believes more time and development are needed for Bitcoin ETFs to truly take off, possibly around the next Bitcoin halving in 2028. However, not everyone agrees. Bloomberg's Eric Balchunas highlighted that some ETFs, like BlackRock’s iShares Bitcoin Trust, have seen substantial inflows, suggesting potential for future growth.

The debate continues, but one thing is clear: the Bitcoin ETF market is still finding its footing.