Industry insiders predict that the scale of US Bitcoin ETF asset management will exceed US$500 billion within 5 years

Odaily Odaily News Bloomberg ETF analyst Eric Balchunas wrote on X: "Today, at the Proof of Talk inside the Louvre, I had an enlightening discussion with 21Shares co-founder Ophelia Snyder, digital asset analysts Matthew Sigel and Jason Xavier. Everyone agreed that tokenization is important, but it may not be a substitute for ETFs. Sigel predicts that the scale of US Bitcoin ETFs will exceed US$500 billion in 5 years, and Snyder said that the global scale may exceed this number. They all think that I may underestimate the demand for Ethereum ETFs. They plan to position it as a 'production technology stock' and 'ultimate application store', which is completely different from the promotional positioning of Bitcoin."