Ambitious Prediction from Expert: Bitcoin ETFs Will Break Records!

Nate Geraci, one of the experts on ETFs, made remarkable predictions about Bitcoin ETFs, which are expected to be approved in 2024. While Geraci expects a groundbreaking year in the ETF landscape, he also pointed to the performance of Blackrock and BTC.

Geraci's boldest prediction for 2024 concerns Bitcoin ETFs. Collectively, he believes that spot BTC ETFs will strongly break all previous ETF launch records.

Geraci's ambitious prediction can also be interpreted as a contrary view to the criticized approaches of some names in the financial world. Geraci believes that there is a pent-up demand for BTC ETFs and predicts a large investment inflow after the approval.

Geraci argues that major executives like BlackRock, Fidelity and Invesco aren't in the business of chasing small opportunities.

Beyond Bitcoin ETFs, Geraci believes there will also be a shift in ETF leadership as BlackRock gains market share over Vanguard. As we reported Koinfinans.com, Blackrock, which focuses on expanding its portfolio, wants to strengthen in the field of Bitcoin ETFs in 2024.

Finally, Geraci predicts that there will be a decline in the popularity of closed-call ETFs and outflows from these funds, especially if the stock market continues its upward trajectory.

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