After having played a masterstroke of resubmitting the Bitcoin ETF application and extending its deadline for approval from SEC, VanEck’s Director of digital asset strategy, Gabor Gurbacs, took onto his Twitter account to spell out reasons why Bitcoin ETF made sense and was a move that could serve the public interest.
A Bitcoin ETF could open a new avenue to crypto investing
According to the recent tweet put forward by Gabor Gurbacs, who has been one of the key persons in drafting the ETF document for VanEck, Bitcoin ETF will change the way crypto investing takes place across the globe. According to him, a Bitcoin comes with a variety of advantages which would serve in the public interest. He feels a Bitcoin ETF would
- Increase the liquidity in crypto markets using the ETF ecosystem
- The counterparty risk in Bitcoin/ Crypto investing will be reduced to a great extent
- The price determination of bitcoin will be more peculiar and better valuation & execution practices could be expected…
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