VanEck predicts $2,4 billion in inflows into BTC ETFs after their approval in early 2024
According to analysts, the product will quickly enter the mainstream thanks to zero commissions

08.12.2023 - 13:22
416
2 min
0
What’s new? In early 2024, the United States will enter a recession, indicated by slowing economic growth and lower inflation, and with it, spot crypto exchange-traded funds (ETFs) will be approved, analysts at investment firm VanEck say in a new report. They believe that despite the worsening economic situation, such funds will be able to raise $2,4 billion in the first quarter after launch alone. In addition, the expected lower transaction costs of these ETFs compared to current retail fees will ensure wider adoption of the new type of investment product.
What else is known? To make the prediction, analysts took the historical performance of the SPDR Gold Shares (GLD) gold fund, launched in 2004 and captured significant market share during the quarter, and applied that performance to bitcoin, adjusted for higher M2 (money supply in circulation and bank deposits).
Using this method, VanEck analysts concluded that over two years, spot BTC ETFs could raise $40,4 billion. The inflow of funds will be provided, among other things, by the growing popularity of bitcoin as a means of hedging inflation, an alternative to gold.
In addition, experts believe that ETF shares will be traded without commissions, which will also contribute to the adoption of the product. For comparison, on the US exchange Coinbase, the commission for retail traders is currently 2,5%.

Grayscale CEO speaks about productive talks with the SEC regarding the launch of spot crypto ETFs
The regulator has two company applications pending to convert cryptocurrency trusts into exchange-traded funds
Finally, based on historical data, VanEck predicted that the bitcoin exchange rate will set a new all-time high in the fourth quarter of next year.
Useful material?
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025
Market
The Taproot Assets network will be used for the integration
Jan 31, 2025