Reggie Browne, head of ETF trading at market maker GTS, predicted that spot Bitcoins will trade at a premium to Bitcoin’s net asset value.
If spot Bitcoin ETFs are approved, this will happen, Reggie Browne told Bloomberg. ETFs have a premium compared to the current spot price He stated that it would be processed.
Pointing out that many US institutional investors and brokers do not currently have the appropriate instrument to invest in Bitcoin, Browne argued that the investor interest that will seize this opportunity with the ETF approval will bring the ETF price to a premium.
Browne spot Bitcoin ETFs compared to the actual price of Bitcoin It may have a premium rate of 8% he emphasized.
The issue is not the gap between the price, I think it will directly be the premium over NAV (Net Asset Value), This could be a crazy figure like 8%. I think there will be a premium over the intrinsic value because US institutional investors currently cannot buy or sell Bitcoin with dollars. At least some can, but most cannot. ETF approval could lead to a significant price difference.
Browne also noted that if approved, investors at least $2 billion into spot Bitcoin ETFs in the first 30 days He said he was waiting for him to inject it. In funds for the whole year An investment between 10 billion and 20 billion dollars predicted.