VanEck’s Chief Strategist Eyes Multi-Billion Dollar Investment in Bitcoin ETF

Neutral VanEck’s Chief Strategist Eyes Multi-Billion Dollar Investment in Bitcoin ETF

The launch of the first Bitcoin exchange-traded fund (ETF) could witness the space attracting as little as a few billion dollars, predicted Gabor Gurbacs.

The director of Digital Assets Strategy at VanEck made the bullish prediction during an interview with CNBC Crypto Trader hosted by Ran Neuner, while explaining the possible outcomes from a successful Bitcoin ETF launch. He acknowledged that there would be a likelihood of institutional dollars coming into the Bitcoin industry via securities, mainly because ETFs will be better prepared to maximize investor protection and minimize counterparty risks.

"Right now, 90 to 95 percent of the digital assets space is retail. So people invest via trading platforms that offer low securities and safeties. Investors are not used to it," Gurbacs explained.

VanEck Has the Best Chance

The US Securities and Exchange Commission (SEC) has rejected a total of 9 Bitcoin ETF applications till date citing investor protection. Only the ETF application filed by VanEck-SolidX duo has been allowed for a review, the response to which is likely to arrive by December 29 this year or February 1 the next.

Observers believe that VanEck, an experienced investment management firm with a longstanding professional relationship with the US regulators, has taken care of all the concerns presented by the SEC. It has led speculators to believe that investors will jump at the opportunities to invest in full-insured physical Bitcoin contracts, driving the market cap to its all-time high.

Gurbacs said that the new safety around the bitcoin financial instruments would bring it more in line with conventional ETFs. A Gold ETF, for instance, has the same security covers that would be coated on the upcoming Bitcoin ETF at VanEck. Given that the SEC has approved the former already, the same can be true for the latter as well.

"Our Gold ETFs are already in a few billion dollars range," he added. "There are Gold ETFs in $10 billion range as well. I wouldn't be surprised if a Bitcoin ETF gets in a few billion dollars range."

Market Manipulation

The market manipulation of the underlying Bitcoin spot market has been one of the major catalysts behind the SEC'S ETF rejections. Gurbacs cleared that every other market in present is seeing some level of manipulation, citing a JP Morgan trader who was manipulating the commodity and precious metal markets for seven years. Moreover, the Vaneck strategist cleared that the SEC had no jurisdiction to regulate spot markets; it lies with the Commodity Futures Trading Commission (CFTC).

Adding further, Gurbacs explained that they have introduced institutional-grade security measures, starting with immutable pricing sources coupled with market standard tools that would reduce manipulation.

"If there is market manipulation, there's a concern. We've done everything we can," he said.

Observers believe that VanEck, an experienced investment management firm with a longstanding professional relationship with the SEC, has taken care of all the concerns presented by the US securities regulator. The ETF review is now expected to go through the regulatory process without a dent, eventually leading to a launch on March 1 next year.

11/09/2018 / 10:06:15 Source: newsbtc

Bitcoin | Crypto | Industry | bitcoin | etf | VanEck | | BTC|Fiat|Trading
BTC
1 BTC=$3,606.08
XRP
1 XRP=$0.3400
ETH
1 ETH=$96.76
XUC
1 XUC=$2.21
EOS
1 EOS=$2.62
BCH
1 BCH=$102.69

News Feed 50

Cointelegraph Neutral - Bitcoin Payment Processor Closes Seed Investment Round Backed by Tim Draper read more.
12/18/2018 / 22:40:00
Coindesk Neutral - Blythe Masters, CEO of Blockchain Startup Digital Asset, Is Stepping Down read more.
12/18/2018 / 22:31:14
Ccn Neutral - Wanchain 3.0 Adds Loopring Enabling On-Chain Decentralized Trading read more.
12/18/2018 / 22:19:57
Bitcoinist Neutral - Binance CEO Says ‘It Doesn’t Have to Be a Competition’ With Coinbase read more.
12/18/2018 / 22:00:09
Cointelegraph Neutral - Gaming Giant Atari to Launch ‘Blockchain Versions’ of Two Popular Games read more.
12/18/2018 / 22:00:00
Coinspeaker Neutral - Maltese Blockchain Bank Set to Start Operations by Mid-2019 read more.
12/18/2018 / 21:59:43
Cointelegraph Neutral - Russian Region Conducts Blockchain Election With 40K Participants read more.
12/18/2018 / 21:45:00
Newsbtc Neutral - Bitcoin Is Here to Stay: Blockstream Satellite Expansion Makes Sure of It read more.
12/18/2018 / 21:30:37
Cointelegraph Neutral - Pro-Bitcoin Official in the White House: What We Know About Trump’s New Chief Of Staff read more.
12/18/2018 / 21:20:00
Ccn Neutral - Binance Labs Launches 8 Blockchain Startups read more.
12/18/2018 / 21:16:31
Newsbtc Neutral - Novogratz: Interest Left Crypto for Macro, But Bitcoin Will Emerge As Store of Value read more.
12/18/2018 / 21:02:27
Bitcoin.Com Neutral - Cointext Rolls Out Mobile BCH Services in Bangladesh, Now Services 38 Countries read more.
12/18/2018 / 20:55:03
Cointelegraph Neutral - Korean Gov’t Pilots Blockchain for Logistics Innovation in Country’s Largest Port read more.
12/18/2018 / 20:54:00
Cryptoinsider Neutral - VeChain: Supply chain management protocol for counterfeit prevention read more.
12/18/2018 / 20:43:28
Coindesk Neutral - Overstock’s Medici Acquires Digital Tokens Representing Startup Equity Shares read more.
12/18/2018 / 20:41:31
Ccn Neutral - Bull Gone: Bitcoin Price Forming Doji to Signal Potential Trend Reversal read more.
12/18/2018 / 20:21:38
Themerkle Positive - Bitcoin Cash Price Rises to $100 And Overtakes Litecoin read more.
12/18/2018 / 20:00:51
Newsbtc Neutral - Bitcoin Sustains Above $3,500 After Widespread Market Rally read more.
12/18/2018 / 20:00:36
Coindesk Neutral - Tim Draper Invests $1.25 Million in Bitcoin Payments Processor OpenNode read more.
12/18/2018 / 20:00:06
Cryptoglobe Neutral - The Week: Stablecoin Basis Folds, Revolut Wins Banking License, Swiss Crypto Exchange Launching read more.
12/18/2018 / 20:00:00
Ccn Neutral - Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves read more.
12/18/2018 / 19:23:04
Ethnews.Com Neutral - German Bank Tests Blockchain For Development In Africa read more.
12/18/2018 / 19:09:38
Themerkle Neutral - First Major Christmas 2018 Crypto Scam Targets Basic Attention Token read more.
12/18/2018 / 19:02:37
Bitcoinist Neutral - Blockstream Satellite Now Means Most Of The World Can Use Bitcoin Without Internet read more.
12/18/2018 / 19:00:09
Cryptoglobe Neutral - Iran Minister Indicates Support for Blockchain, Both Public and Private Uses read more.
12/18/2018 / 19:00:00
Ccn Neutral - Atari Partners With Startup to Make Blockchain Versions of Popular Titles like Roller Coaster Tycoon read more.
12/18/2018 / 18:56:55
Cointelegraph Neutral - Israel: Financial Services Firm GMT Joins RippleNet read more.
12/18/2018 / 18:52:00
Cryptopotato Neutral - EOS Block Producers Are in Risk of Bankruptcy Despite The Recent 25% Price Gain read more.
12/18/2018 / 18:34:32
Newsbtc Negative - Bitcoin Scam Alert: Criminals Demand BTC Payment to Call Off Hit Man read more.
12/18/2018 / 18:30:39
Ccn Neutral - Education The Biggest Barrier Preventing Online Investors From Purchasing Cryptocurrency read more.
12/18/2018 / 18:23:47
Cointelegraph Neutral - Belgium's Financial Watchdog Updates Crypto Scam Blacklist to Total 113 Sites read more.
12/18/2018 / 18:22:00
Cryptoglobe Neutral - BitMEX Trading Volume Way Down After Supports Broken read more.
12/18/2018 / 18:00:00
Coinspeaker Neutral - 550,000+ Hotels in 210 Countries Can Now be Booked with XRP read more.
12/18/2018 / 17:59:51
Cointelegraph Neutral - A Year After $20K, Blockchain Capital Exec Says Investors Will Regret Not Buying in Now read more.
12/18/2018 / 17:59:00
Themerkle Neutral - Institutional Investors No Longer Interested in Bitcoin: JP Morgan read more.
12/18/2018 / 17:41:35
Blokt Neutral - Japan’s New Crypto Regulation Draft Report Is Ready read more.
12/18/2018 / 17:29:23
Trustnodes Neutral - ICOs Now Trading on Exchanges With Investors’ ETH read more.
12/18/2018 / 17:28:21
Coinnounce Neutral - Bitcoin institutional adoption rising: BTC price analysis read more.
12/18/2018 / 17:24:41
Newsbtc Neutral - Electricity Consumption of Bitcoin is a Non-Issue: Solar Energy is Free in Some Regions read more.
12/18/2018 / 17:01:42
Blokt Neutral - NewEconoLab’s NeoRay Will Make NEO Smart Contract Development Easier read more.
12/18/2018 / 16:59:35
Financemagnates Neutral - eToro Survey Finds Huge Demand for Cryptocurrency Education read more.
12/18/2018 / 16:59:02
Bitcoin.Com Neutral - Transnistria Welcomes Crypto Miners, Plans to Expand the Industry read more.
12/18/2018 / 16:55:50
Ccn Neutral - Bitcoin Bear Market Is Scaring Off Institutional Investors, Claims JPMorgan read more.
12/18/2018 / 16:54:56
Coinspeaker Neutral - Basis Shutting Down Due to Regulatory Pressure read more.
12/18/2018 / 16:54:31
Ethnews.Com Neutral - Daily Byte: Tuesday, December 18, 2018 read more.
12/18/2018 / 16:43:07
Blokt Neutral - AlterVerse Will Adopt Enjin Blockchain for All of Its 17 Gaming Worlds read more.
12/18/2018 / 16:29:35
Cryptopotato Neutral - Crypto Market Update Dec.18: One Year Passed Since Bitcoin’s ATH. Following The Correction, What’s Next? read more.
12/18/2018 / 16:29:15
Cryptoinsider Neutral - ‘Proof of Keys’ is coming, but what is it? read more.
12/18/2018 / 16:26:28
Blokt Neutral - Dogecoin [DOGE] Exits Trading Range With 19% Surge read more.
12/18/2018 / 16:09:19
Ccn Neutral - Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble? read more.
12/18/2018 / 16:02:57
Negative
4.1%
Neutral
94.5%
Positive
1.1%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.