According to Golden Finance, Steven McClurg, Chief Investment Officer (CIO) of Valkyrie Funds, said in a recent interview that the major Bitcoin spot ETFs will soon be open for trading for a month, but the field is likely to shrink in size before the end of this year.
Steven McClurg predicts that of the ten issuers currently operating Bitcoin spot ETFs, there may only be "about seven or eight" issuers left by the end of the year, as the cost of operating a Bitcoin spot ETF may be too high, especially in this fee reduction race, which may hurt the profitability of currently struggling issuers.