© Reuters. Probable Bitcoin ETF Price Revealed by Tether and VanEck Advisor
U.Today – , which serves as a strategic advisor to VanEck and , recently shared insights on a potential inflection point for exchange-traded funds (ETFs). In a social media post, Gurbacs speculated on the launch price of Bitcoin ETFs, proposing a hypothetical scenario.
With Bitcoin currently trading at around $44,000 per BTC, Gurbacs noted that ETFs typically debut with a double-digit net asset value (NAV), often around $25. To make exposure to Bitcoin more accessible, he suggested a price hypothetical launch price of $44 per share, eliminating three zeros from the original.
In his post, Gurbacs highlighted the importance of addressing the psychology of unitary bias, emphasizing that some investors are unaware that they can own fractional amounts of Bitcoin. He noted that the emotional satisfaction of owning a whole share, as opposed to a fraction of BTC, plays a big role in investor sentiment.
Will $2.5 trillion be enough?
In another post, Gurbacs analyzed the broader impact of Bitcoin ETFs and stated that the immediate flow of funds in the first few weeks is less critical than the possible change in global asset allocation.
With approximately $500 trillion in global assets, even a conservative 0.5% allocation could result in a substantial inflow of $2.5 trillion, along with long-term appreciation and additional fund investments, the expert believes.
Reports from Fox Business suggest that BlackRock (NYSE 🙂 anticipates approval of a spot Bitcoin ETF on January 10, aligning with similar sentiments from Ark Invest’s Katie Wood.
This article was originally published on U.Today.
