" "
Sign in Subscribe
Analysis

Gabor Gurbacs believes that the first week inflows after BTC spot ETF approval are not important in the long run.

Gabor Gurbacs, an advisor to Tether and VanEck, stated that the amount of inflows during the first week of trading after the approval of the Bitcoin Spot ETF is not significant in the long run. What is important is that physical BTC investments are accessible to roughly $500 trillion in global...

Gabor Gurbacs believes that the first week inflows after BTC spot ETF approval are not important in the long run.

Gabor Gurbacs, an advisor to Tether and VanEck, stated that the amount of inflows during the first week of trading after the approval of the Bitcoin Spot ETF is not significant in the long run. What is important is that physical BTC investments are accessible to roughly $500 trillion in global assets. Assuming that 0.5% of the world's assets are invested in Bitcoin, it would result in $2.5 trillion in liquidity.

"Even if a Bitcoin spot ETF is launched, there will be many investors who prefer to hold BTC directly (self-custody)," he said. "Bitcoin was created to eliminate trusted third-party intermediaries. Bitcoin spot ETFs do not change that. Many people will continue to hold BTC directly and will want to verify their holdings. Therefore, BTC spot ETFs will require proof of holdings and eventually offer a customization option over time."

Read next