Bitcoin ETF

Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-etf-price-speculation-emerges-from-tether-and-vaneck-advisor/">Bitcoin ETF Price Speculation Emerges from Tether and VanEck Advisor</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Recent speculation sparked by Gabor Gurbacs, a strategic advisor for VanEck and Tether, has heightened the anticipation surrounding Bitcoin ETFs. Gurbacs, known for <a href="https://x.com/gaborgurbacs/status/1743599194319827281?s=20">insightful </a>social media posts, stirred discussions about the psychological aspect of investment, proposing a hypothetical launch price for Bitcoin ETFs at $44 per share. This move aims to address the emotional satisfaction of owning a full share rather than fractional amounts, potentially influencing hesitant investors.</p> 
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   <p lang="en" dir="ltr">Whether Bitcoin ETFs see $500mm or $5B flows in the first weeks matters some but not that much on the long run. <br><br>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">pic.twitter.com/LBTHktxeNk</a></p>— Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1743599194319827281?ref_src=twsrc%5Etfw">January 6, 2024</a>
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<h2 class="wp-block-heading" id="h-gurbacs-reveals-bitcoin-etf-launch-price"><strong>Gurbacs Reveals Bitcoin ETF Launch Price</strong></h2> 
<p>His proposition of a $44 per share launch price aims to address investor psychology, offering a whole share ownership experience. However, this suggestion arrives amidst contrasting sentiments within the financial services industry. As per a report from Fox Business industry giants like BlackRock and Katie Wood of Ark Invest, are also optimistic about a positive SEC decision on January 10, others, as revealed in a recent survey involving 437 financial advisers, express skepticism, with only 39% anticipating a Bitcoin ETF approval in 2024.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-a-final-step-for-etfs-approval-or-denial-nbsp"><strong>A Final Step for ETFs, Approval or Denial?&nbsp;</strong></h2> 
<p>As the industry awaits potential SEC approval, the final steps for the ETF’s debut continue. Asset managers are expected to submit crucial details like remaining fees and tickers through S-1 filings by January 8, yet BlackRock’s ETF details remain undisclosed, adding to the mystery surrounding it. Analysts predict the SEC’s anticipated approval of the long-awaited Bitcoin spot ETF to occur by late Tuesday or Wednesday. </p> 
<p>Whereas, Bloomberg’s Katie Greifeld highlighted the deadline for ETF issuers to submit S-1s by Monday, 8 AM ET. The SEC intends to vote on the 19b-4s and S-1s in the following days, signaling a pivotal moment for the awaited decision.</p> 
<p>Gurbacs’ insights into psychological biases amid these debates add depth to ongoing discussions. Whether the market witnesses a breakthrough with a Bitcoin ETF debut or faces another delay, the speculations about the launch price persist, signaling a potential turning point for Bitcoin’s accessibility and market sentiment.</p> 
<p>He further highlights the profound potential of Bitcoin ETFs, emphasizing a global asset allocation shift. With $500 trillion in global assets, a modest 0.5% Bitcoin allocation could inject $2.5 trillion into the market, triggering long-term growth and supplementary fund investments.</p> 
<h3 class="wp-block-heading" id="h-notable-firms-in-the-crypto-space"><strong>Notable Firms in the Crypto Space</strong></h3> 
<p>In the crypto domain, firms like VanEck and Gemini <a href="https://x.com/gaborgurbacs/status/1744003586567139471?s=20">stand </a>out for their custody partnership and filing for the first Bitcoin ETF, showcasing a strong understanding of market dynamics. In contrast, Fidelity’s decade-long commitment to building robust Bitcoin infrastructure illustrates a dedicated focus on cryptocurrency, setting these firms apart in the industry.</p>

Bitcoin ETF Price Speculation Emerges from Tether and VanEck Advisor

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