Likely Bitcoin ETF Price Revealed by Tether and VanEck Advisor

Likely Bitcoin ETF Price Revealed by Tether and VanEck Advisor

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 Bitcoin exposure more accessible, he suggested a hypothetical launch price of $44 per share, eliminating three zeros from the original .

In his post, Gurbacs highlighted the importance of addressing unit bias psychology, emphasizing that some investors are unaware they can own fractional amounts of Bitcoin. He noted that the emotional satisfaction of owning a full share, as opposed to a fraction of BTC, plays a significant role in investor sentiment.

With approximately $500 trillion in global assets, even a conservative 0.5% allocation to could result in a substantial $2.5 trillion influx, along with long-term appreciation and additional fund investments, believes the expert.

Reports from Fox Business suggest that BlackRock (NYSE:BLK) anticipates the approval of a spot Bitcoin ETF on Jan. 10, aligning with similar sentiments from Katie Wood of Ark Invest.

This article was originally published on U.Today

To read the full article, Click Here

Related posts