- VanEck advisor Gabor Gurbacs shared insights on his long-term bullish perspectives on Bitcoin ETFs.
- Gurbacs drew a parallel with the price growth of gold following the first gold ETF launch.
- 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.
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.
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.Long term, people tend to underestimate the impact of spot Bitcoin ETFs. If history is any guide, gold is worth studying as a parallel. https://t.co/6vvkA9aC09
— Gabor Gurbacs (@gaborgurbacs) December 31, 2023
Portraying the exchange-traded funds’ long-term impac…
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