spot_imgspot_imgspot_img

VanEck Advisor Gurbacs Believes Spot Bitcoin ETFs Are Exaggerated

  • 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.
  • 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.
  • Gurbacs stated that most industry participants are exaggerating projected growth and overlooking broader opportunities.

According to VanEck advisor Gabor Gurbacs, the short-term impact of spot Bitcoin ETFs in the U.S. might be exaggerated!

Bitcoin ETFs Exaggerated According to VanEck Advisor

VanEck

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.

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.

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.

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.

“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.”

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.

More Excitement with the New Year

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.

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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.

Jeff Bezos Sparks Bitcoin Investment Rumors: A New High-Profile Player?

The cryptocurrency community is abuzz with speculation that Amazon founder Jeff Bezos could be making a significant move into Bitcoin, following a series of financial maneuvers and a high-profile meeting with Michael Saylor.

Solana Trader’s Astounding 4,530x Return on WIF Ignites Crypto Community Buzz

A Solana trader's incredible return on investment with dogwifhat (WIF) captivates the crypto world, spotlighting the high-reward potential of meme coins within the Solana ecosystem.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.