The approval of the US’s first spot Bitcoin ETF may not immediately elevate Bitcoin prices but could eventually channel trillions into the cryptocurrency market, according to VanEck advisor Gabor Gurbacs. He argues that expectations of significant short-term Bitcoin price surges from an ETF launch are unrealistic. He forecasts modest initial inflows of about $100 million, mainly from institutional investors shifting current crypto holdings.
The post Don’t Expect Bitcoin to Moon Post ETF Approval — VanEck Advisor appeared first on CoinChapter.
Full Article:
Don’t Expect Bitcoin to Moon Post ETF Approval — VanEck Advisor