Bitcoin

Gold

Spot

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul> 
 <li>Gurbacs suggests that a Bitcoin spot ETF in the market might be exaggerated in terms of short-term entries, but could see long-term gains as the window expands.</li> 
 <li>Considering the renowned gold analysis in the sector, trillions are expected; however, the SDPR (State Street) ETF (GLD) had a higher value before its introduction on November 18, 2024.</li> 
 <li>Gurbacs stated that most industry participants are exaggerating projected growth and overlooking broader opportunities.</li> 
</ul> 
<p><strong>According to VanEck advisor Gabor Gurbacs, the short-term impact of spot Bitcoin ETFs in the U.S. might be exaggerated!</strong></p> 
<h2 id="strong-bitcoin-etfs-exaggerated-according-to-vaneck-advisor-strong"><strong>Bitcoin ETFs Exaggerated According to VanEck Advisor</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-132364" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="VanEck" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/VanEck-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>VanEck advisor Gabor Gurbacs suggests that a Bitcoin (BTC) spot ETF in the market might be exaggerated in terms of short-term entries, but could see long-term gains as the window expands. In a tweet on January 1, he mentioned that the impact of the spot BTC ETF has been exaggerated in recent months and predicted limited entries followed by increased entries after the ETF’s approval.</p> 
<p>According to him, after the ETF approval, only $100 million from mainly institutional investors, mostly from recycled funds, might enter the market. However, in the long run, the efforts of institutional investors could result in a market flooded with entries, similar to the reference analysts use in predicting the market using the past statistics of gold.</p> 
<p>Considering the renowned gold analysis, trillions are expected in the sector; however, the SDPR (State Street) ETF (GLD) had a higher value before its introduction on November 18, 2024. After the introduction of the Gold ETF, the asset’s trajectory increased fourfold from $400 to $1,800, and the market value surged from $2 trillion to $10 trillion, an $8 trillion increase.</p> 
<p>Similarly, Bitcoin stands out with a market of around $750 billion. However, if predictions are accurate, it lags behind the position of gold at that time, and the coming years could witness a market worth trillions, with the next process potentially being faster, according to Gurbacs.</p> 
<blockquote>
 <p>“Also, according to my belief, Bitcoin ETP will only bring a few tens of billions of dollars and they won’t come all at once… but due to systematic scarcity through relatively low Bitcoin float (strong hands/long-term holders) and halving programs, this increase will be significant.”</p>
</blockquote> 
<p>Gurbacs emphasized that most industry participants are exaggerating projected growth and overlooking broader opportunities. Bitcoin, beyond ETFs, will create its own capital market in the coming months. The argument that an ETF would enhance reliability among assets will make assets appealing to institutional investors. Gurbacs sees more opportunities in institutional funds directly affecting the market, similar to government sovereign funds recorded with gold.</p> 
<h2 id="strong-more-excitement-with-the-new-year-strong"><strong>More Excitement with the New Year</strong></h2> 
<p>In the weeks leading up to the new year, particularly Bitcoin, supported by the potential approval of a spot BTC ETF, recorded entries with a general market value and assets under management (AUM) increase. The narrative shaping the crypto story for most of the year reached unprecedented new highs with wealth funds and other investors increasing exposure to Bitcoin.</p> 
<p>Last year, Bitcoin investment products recorded $1.6 billion in entries, with AUM surpassing $36 billion. There are several analysts suggesting that the approval of an ETF could bring trillions to the market, potentially significantly impacting the price of the asset.</p> 
<div class="code-block-grte code-block-grte-2" style="margin: 8px 8px 8px 0; float: left;"> 
 <table style="width: 100%; border-collapse: collapse;"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left; background-color: #f2f2f2; padding: 10px;"> <a href="https://t.me/coinotagpro_bot/" target="_blank" rel="noopener"> <strong> <span style="color: #000000;">CLICK TO HERE TO JOIN</span> <span style="color: #e67e22;">OINOTAG PRO + COPY TRADE BASED ON NEWS TRADING</span> </strong> </a> </td> 
   </tr> 
  </tbody> 
 </table> 
</div>  
<p>The post <a rel="nofollow" href="https://en.coinotag.com/vaneck-advisor-gurbacs-believes-spot-bitcoin-etfs-are-exaggerated/">VanEck Advisor Gurbacs Believes Spot Bitcoin ETFs Are Exaggerated</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

VanEck Advisor Gurbacs Believes Spot Bitcoin ETFs Are Exaggerated

Table of Contents

CO NEWS

Другие статьи, опубликованные 1 янв. 2024 г.

Shiba Inu Becomes The Second Most Traded Coin Beating Out Ethereum, Cardano, And XRP

Bitcoin and Solana spark rally; Monero and InQubeta gain more traction

Optimism (OP) and Solana (SOL) Dominant on Charts – Pullix (PLX) Presale Sparks Massive Interest

Next Bitcoin Halving 111 Days Away: What It Means For Investors

To the moon? Why 2024 could be it for SHIB’s price prediction

In 2023, the US government tried to kill crypto | Opinion

Join our free newsletter for daily crypto updates!