**Bitcoin ETFs: A Waiting Game for Adoption**

Bitcoin ETFs in the U.S. are still finding their footing, says Jim Bianco, CEO of Bianco Research. Launched in January, these ETFs haven't yet sparked the widespread adoption many anticipated. Bianco points to recent outflows, losses, and limited institutional investment as signs the market needs more time to mature.

- Over $1 billion in net outflows from 11 U.S. Bitcoin ETFs in the last eight trading days.

- Assets under management dropped from $61 billion in March to $48 billion.

Bianco believes significant development and patience are needed, possibly until the next Bitcoin halving in 2028. However, not everyone agrees. Bloomberg's Eric Balchunas and other analysts argue that the ETFs have already attracted billions and could see massive institutional inflows in the future.