What will happen to GBTC if a Bitcoin ETF is approved?

3 answers

• Dec 19, 2021 · 3 years ago
  If a Bitcoin ETF is approved, it could potentially have a negative impact on GBTC. Currently, GBTC is the only publicly traded Bitcoin investment vehicle in the US, and it has been popular among investors who want exposure to Bitcoin without actually owning it. However, if a Bitcoin ETF is approved, it would provide a more convenient and regulated way for investors to gain exposure to Bitcoin. This could lead to a decrease in demand for GBTC, as investors may prefer the ETF over GBTC due to its lower fees and better liquidity.
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• Dec 19, 2021 · 3 years ago
  If a Bitcoin ETF is approved, it could actually benefit GBTC. The approval of a Bitcoin ETF would likely bring more attention and legitimacy to the cryptocurrency market as a whole. This increased interest could lead to more investors wanting exposure to Bitcoin, which could result in a higher demand for GBTC. Additionally, the approval of a Bitcoin ETF could also lead to increased institutional adoption of Bitcoin, which could further drive up the demand for GBTC.
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• Dec 19, 2021 · 3 years ago
  If a Bitcoin ETF is approved, it could have a mixed impact on GBTC. On one hand, the approval of a Bitcoin ETF would provide investors with an alternative investment vehicle for gaining exposure to Bitcoin. This could potentially lead to a decrease in demand for GBTC. On the other hand, GBTC has established itself as a trusted and popular investment option for Bitcoin, and it has a track record of performance. Some investors may prefer to stick with GBTC even if a Bitcoin ETF is approved, due to its familiarity and historical performance. Overall, the impact on GBTC would depend on various factors, including the fees, liquidity, and market sentiment surrounding the Bitcoin ETF.
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