Bitcoin ETF

Bitcoin

Trillion

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<a href="https://x.com/gaborgurbacs/status/1743653389630681133?s=20" rel="noopener noreferrer nofollow">Gabor Gurbacs</a>, serving as a strategy advisor for VanEck and Tether, recently shared insights on a potential game-changer for Bitcoin exchange-traded funds (ETFs). In a social media post, Gurbacs speculated on the launch price of Bitcoin ETFs, proposing a hypothetical scenario.
With Bitcoin currently trading at around $44,000 per BTC, Gurbacs noted that ETFs typically debut with a double-digit net asset value (NAV), often around $25. To make Bitcoin exposure more accessible, he suggested a hypothetical launch price of $44 per share, eliminating three zeros from the original&nbsp;<a href="https://u.today/bitcoin-heres-real-catalyst-for-btcs-potential-6000-rise-analyst" rel="noopener noreferrer nofollow">Bitcoin price</a>.
In his post, Gurbacs highlighted the importance of addressing unit bias psychology, emphasizing that some investors are unaware they can own fractional amounts of Bitcoin. He noted that the emotional satisfaction of owning a full&nbsp;<a href="https://u.today/can-bitcoin-etf-still-be-rejected" rel="noopener noreferrer nofollow">Bitcoin ETF</a> share, as opposed to a fraction of BTC, plays a significant role in investor sentiment.
<h2 dir="ltr" id="will-2-5-trillion-be-enough">Will $2.5 trillion be enough?</h2>
In another post, Gurbacs discussed the broader impact of Bitcoin ETFs, stating that the immediate flow of funds in the initial weeks is less critical than the potential shift in global asset allocation.
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 Whether Bitcoin ETFs see $500mm or $5B flows in the first weeks matters some but not that much on the long run. What matters is there is roughly $500 Trillion in assets globally that gain access to Bitcoin in both physical and financialized forms. An assumed 0.5% global… <a href="https://t.co/LBTHktxeNk" rel="noopener noreferrer nofollow">pic.twitter.com/LBTHktxeNk</a>— Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1743599194319827281?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 6, 2024</a>
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With approximately $500 trillion in global assets, even a conservative 0.5% allocation to&nbsp;<a href="https://u.today/michael-saylor-issues-crucial-bitcoin-btc-warning" rel="noopener noreferrer nofollow">Bitcoin</a> could result in a substantial $2.5 trillion influx, along with long-term appreciation and additional fund investments, believes the expert.
Reports from Fox Business suggest that BlackRock anticipates the approval of a spot Bitcoin ETF on Jan. 10, aligning with similar sentiments from Katie Wood of Ark Invest.

Likely Bitcoin ETF Price Revealed by Tether and VanEck Advisor

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