Bitcoin ETF

Bitcoin

Spot

<div class="cryptonews">
 <p class="is-style-lead">VanEck advisor Gabor Gurbacs does not expect the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of Bitcoin (BTC) spot exchange-traded funds (ETFs) to <a rel="noopener noreferrer nofollow" title="impact" href="https://thebittimes.com/tag/impact.html">impact</a> Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> much.</p>
 <p>In a post to X, financial guru Gabor Gurbacs noted that while the launch of a spot Bitcoin ETF will not greatly impact the price of BTC, it will significantly impact capital flows into the cryptocurrency sector.</p>
 <p>Bitcoin ETFs are widely expected to bring in trillions of dollars over the long term, but Gurbacs believes they will not move the needle that much in the short-term.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">In my view, people tend to overestimate the initial <a rel="noopener noreferrer nofollow" title="impact" href="https://thebittimes.com/tag/impact.html">impact</a> of U.S. Bitcoin ETFs. I think maybe a few $100mm flows (mostly recycled) money.<br><br>Long term, people tend to underestimate the <a rel="noopener noreferrer nofollow" title="impact" href="https://thebittimes.com/tag/impact.html">impact</a> of spot Bitcoin ETFs. If history is any guide, gold is worth studying as a parallel. https://t.co/6vvkA9aC09</p>— Gabor Gurbacs (@gaborgurbacs) December 31, 2023
   </blockquote>
  </div>
 </figure>
 <blockquote class="wp-block-quote">
  <p>“Bitcoin is forcing its own capital markets systems and products well beyond the ETF, and that’s not <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>d in. The question is not what BlackRock adopts, but what Bitcoin company is the next BlackRock.”</p> <cite>Gabor Gurbacs, VanEck advisor</cite>
 </blockquote>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> VanEck files updated spot Bitcoin ETF application
 </div>
 <p>Gurbacs also believes that the initial <a rel="noopener noreferrer nofollow" title="impact" href="https://thebittimes.com/tag/impact.html">impact</a> of the Bitcoin ETF is vastly overestimated – estimating that net inflows could only amount to about $100 million of “mostly recycled” money from large institutional investors.</p>
 <p>That being said, following the widely expected approval of a spot Bitcoin ETF in the U.S., Bitcoin’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory may well follow in the footsteps of gold, but it will likely happen “much faster” due to its limited supply and scarcity-increasing events such as halvings.</p>
 <p>The Securities and Exchange Commission (SEC) set&nbsp;the filing deadline for updated applications for a spot Bitcoin ETF to Dec. 29, 2023. If companies failed to meet that deadline, they will lose the opportunity to receive SEC approval in early January.</p>
 <p>Matrixport platform analysts predicted the likely launch of the product in January 2024. Experts believe that the SEC will allow trading of spot Bitcoin ETFs in the US until January next year. Presumably, trading will begin in February or March.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Michael Saylor: Spot Bitcoin ETFs a game-changer
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vaneck-spot-bitcoin-etf-launch-will-not-impact-btc-price-tbt75265.html">https://thebittimes.com/vaneck-spot-bitcoin-etf-launch-will-not-impact-btc-price-tbt75265.html</a></p>

VanEck: spot Bitcoin ETF launch will not impact BTC price

TheBitTimes

Další články publikované 1. 1. 2024

Watch Out: 20 Altcoins Have Major Token Unlocks in the New Week! Here is the Day by Day, Hour by ...

Crypto Analysts Upbeat for 2024 After a Year of Building in 2023

NFTs Will Make a Major Comeback in 2024 — Here Are The Best NFT Coins to Buy Now

Decoding the Concept of Security Tokens for Better Investment

VanEck Exec Says Spot Bitcoin ETF Impact is Being Exaggerated

XRP Transactions Skyrocketed at End of 2023: Here's Why

Join our free newsletter for daily crypto updates!