The CEO of investment management firm VanEck says spot Bitcoin ETFs have mainly attracted inflows of capital from retail investors four months since their launch.) exchange-traded funds have attracted significant amounts of capital in 2024, but traditional banks and institutional investment have yet to enter the fray.
“There’s a lot of maturation to happen. A lot of technology will be developed on-chain, so there’s a long way to go.” Van Eck said that his tendency to be a “paranoid business person” has kept him alert to any emerging assets that could contend with gold: The CEO added that there’s an argument for Bitcoin being a better store of value than gold in contemporary times. He also said that the U.S. has “big budget deficit problems” that it must tackle in the coming year and that market movements are reflecting anticipation of this reality.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
90 at 90: Retired Engineer Sets Goal to Hit 90-MPH Fastballs on 90th BirthdayBenny Wasserman, a retired aerospace engineer, has set a goal to hit 90-mph fastballs on his 90th birthday. Despite dealing with prostate cancer and pulmonary fibrosis, Wasserman remains determined. He finds joy in hitting home runs and has a deep love for books.
Source: latimes - 🏆 11. / 82 Read more »
VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFsAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin ETFs Are Not the 'Dominant Narrative' Driving BTC's 2024 Rally: VanEck CEOVanEck CEO Jan van Eck weighs in on bitcoin's 2024 rally and the success of spot BTC ETFs in the U.S. Plus, he explains why it's unlikely for the SEC to approve the spot Ether ETF applications in May and shares insights on competitions in the stablecoin market.
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEckHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »