Nate Geraci, one of the experts on ETF, said that it is expected to be approved in 2024. Bitcoin He made remarkable predictions about ETFs. While Geraci expects a groundbreaking year in the ETF landscape, he also noted the performance of Blackrock and BTC.
Geraci’s boldest prediction for 2024 is about Bitcoin ETFs. Considered collectively, he believes spot BTC ETFs will strongly break all previous ETF launch records.
This ambitious prediction of Geraci can also be interpreted as an opposing view to the criticized approaches of some names in the financial world. Geraci believes there is pent-up demand for BTC ETFs and predicts a large inflow of investments post-approval.
Geraci argues that major asset managers such as BlackRock, Fidelity and Invesco are not in the business of chasing small opportunities.
Beyond Bitcoin ETFs, Geraci believes there will also be a change in ETF leadership as BlackRock gains market share against Vanguard. As we reported as Koinfinans.com, Blackrock, which focuses on expanding its portfolio, also wants to strengthen in the field of Bitcoin ETF in 2024.
Finally, Geraci predicts that there will be a decline in the popularity of covered call ETFs and outflows from these funds, especially if the stock market continues its upward trend.