US ETF operations expert says “BTC spot ETFs are still in the early stages of adoption”
![US ETF operations expert says “BTC spot ETFs are still in the early stages of adoption”](/content/images/size/w1200/2024/04/Nate-Geraci-etf-bitcoin-1140x570.jpg)
According to DL News, Nate Geraci, CEO of US ETF specialist ETFstore, recently commented on the recent net outflows from Bitcoin spot ETFs, “Bitcoin ETFs are still in the early stages of adoption. Financial institutions are not even allowing brokers to recommend bitcoin spot ETFs. It's a slow entry,” he said. “All ETFs ebb and flow over time. They never go up in a straight line,” he added.