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Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment
VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens.
Going by the renowned gold analysis, bullish sentiment is justified in the sector as trillions are expected although the precious metal has a higher market capitalization before the introduction of the SDPR (State Street) ETF (GLD) in Nov 18, 2024.
After the gold ETF was rolled out, the orbit of the asset quadrupled from $400 to $1,800 with its market capitalization surging by $8 trillion from $2 trillion. To $10 trillion.
Similarly, Bitcoin stands in pole position with a market hovering around $750 billion. However, behind gold’s position at the time, if estimates are precise, the coming years could see trillions in the market, and in Gurback’s view, the subsequent might be faster.
Last year, Bitcoin investment products recorded inflows of $1.6 billion while AUM soared over $36 billion. Several analysts predicted an ETF approval could bring trillions into the market massively affecting the asset’s price.
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cryptonews.com
Going by the renowned gold analysis, bullish sentiment is justified in the sector as trillions are expected although the precious metal has a higher market capitalization before the introduction of the SDPR (State Street) ETF (GLD) in Nov 18, 2024.
After the gold ETF was rolled out, the orbit of the asset quadrupled from $400 to $1,800 with its market capitalization surging by $8 trillion from $2 trillion. To $10 trillion.
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pbs.twimg.com
Last year, Bitcoin investment products recorded inflows of $1.6 billion while AUM soared over $36 billion. Several analysts predicted an ETF approval could bring trillions into the market massively affecting the asset’s price.