Bitcoin ETF

Bitcoin

View

Coin

<ul class="news-points"> 
 <li><strong>VanEck advisor Gabor Gurbacs shared insights on his long-term bullish perspectives on Bitcoin ETFs.</strong></li> 
 <li><strong>Gurbacs drew a parallel with the price growth of gold following the first gold ETF launch.</strong></li> 
 <li><strong>Arguing against people’s short-term hype on ETF, he posited that the approval of a U.S. spot Bitcoin ETF may create $ Trillions in value.</strong></li> 
</ul> 
<p>VanEck advisor Gabor Gurbacs shared his long-term bullish perspectives on Bitcoin ETFs, in contrast to the community’s overestimation of its short-term impact. Reflecting on the long-term impact of Bitcoin ETFs, Gurbacs argued against people’s hype on ETFs’ short-term impact, positing that the ETF launch would initially trigger the net inflow of around $100 million in funds, mostly recycled money, from institutional investors.</p> 
<figure class="wp-block-embed aligncenter 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 impact of U.S. Bitcoin ETFs. I think maybe a few $100mm flows (mostly recycled) money.<br><br>Long term, people tend to underestimate the impact of spot Bitcoin ETFs. If history is any guide, gold is worth studying as a parallel. <a href="https://t.co/6vvkA9aC09" target="_blank" rel="nofollow">https://t.co/6vvkA9aC09</a></p>— Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1741463685275476023?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 31, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Portraying the exchange-traded funds’ long-term impac…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etf-long-view-pays-off-vaneck-advisor-sticks-to-bullish-stance/">Bitcoin ETF: Long View Pays Off, VanEck Advisor Sticks to Bullish Stance</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin ETF: Long View Pays Off, VanEck Advisor Sticks to Bullish Stance

Coin Edition

2024년 1월 1일에 게재된 다른 기사

SHIB Team Teases Big Developments and 'Game-Changing Stuff' in New Year

US prosecutors won’t pursue second trial against Bankman-Fried

5 Reasons Bitcoin ETF Might Stir Unprecedented Market Shift

What Factors Will Contribute to Bitcoin Price Reaching $1 Million?

Tellor’s TRB liquidations soar to $70m amid market manipulation concerns

Embark Studios addresses player frustration over unjust bans in the finals

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!