💡 Cryptocurrency analyst Alex Krüger explains that the operating cost of a Bitcoin spot ETF is around $200,000 per year, and with a management fee of 0.25%, the fund's break-even point is approximately $80 million in assets under management (AUM). He anticipates that most BTC spot ETFs will reach this point in the second year, but in the long run, only two to three are likely to survive, with IBIT (BlackRock) and GBTC (Grayscale) being the biggest beneficiaries. 📊🏛️ #BitcoinETFAnalysis 🚀💰