Bloomberg ETF analyst Eric Balchunas said ETFs are starting to function as a new kind of crypto exchange for some users. In a post on X, he argued that ETF investors can get lower trading fees along with what he described as added "adult" protection, making the route "cheaper" and "safer." Balchunas made the remarks while reposting a discussion about spot Bitcoin exchange-traded funds including BlackRock's IBIT. In that exchange, he also said that "the adults are in the room," adding that the industry needs to mature. The comments frame Bitcoin ETFs not just as passive investment vehicles, but as an access point that may compete with traditional crypto trading platforms on cost and investor safeguards. His post did not add further detail beyond that comparison, but it highlighted how products such as IBIT are being discussed as part of a broader shift in how investors gain exposure to crypto.
Techub News reported that Bloomberg ETF analyst Eric Balchunas said on X that ETFs are becoming the new crypto exchanges.
He wrote that users can get lower trading fees through ETFs, along with added "adult" protection, making them "cheaper" and "safer."
Balchunas made the comment while reposting a discussion about Bitcoin ETFs including BlackRock's IBIT. In that response, he also said that "the adults are in the room," and that the industry needs to mature.
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