The executive director of Digital Assets Strategy at VanEck, Gabor Gurbacs, in a recent interview with CNBC expressed his expectations regarding the first Bitcoin-ETF, which will receive billion of investments from institutional investors.
The head of Digital Assets Strategy said:
“Right now, 90 to 95% 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 noticed that the very first licensed Bitcoin-ETF will get massive investments via securities, because exchange-traded funds will be prepared to maximize investor protection and minimize any risks.
Earlier, on October 24, the U.S. Securities and Exchange Commission (SEC) issued a memorandum of meeting, which the agency held with VanEck, SolidX and CBOE companies interested in launching Bitcoin ETF.
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