Wu Blockchain reports that Bloomberg Senior ETF Analyst Eric Balchunas stated that the 22-year development of gold ETFs could serve as a reference for Bitcoin ETFs. GLD's asset size once dropped from around $76 billion to $22 billion, then rose to $84 billion, fell back to $48 billion, and now has grown to approximately $190 billion. He believes Bitcoin ETFs might also experience rapid surges, sharp pullbacks, and long-term recoveries, with each cycle potentially raising the peak asset size. Overall, it could follow a 'two steps forward, one step back' pattern. https://(wublock123.com)/news/bloomberg-analyst-bitcoin-etf-boom-bust-recovery-cycle-64833