I’m actually surprised there wasn’t similar wireless headphones previously that were just pure analog FM radio. Seems very doable with older technology, save battery size/weight.
Those exist and have the major advantage of zero audio latency which is good for interoperability (think a TV headphone port).
The disadvantage (in my cheap ones at least) is poorer sound quality, especially the amount of background hiss, short range and susceptibility to interference (no error correction).
"The Bluetooth logo is a bind rune merging the Younger Futhark runes (Hagall) (ᚼ) and (Bjarkan) (ᛒ), Harald’s initials."