2024 will be revolutionary for Bitcoin
ETF expert Nate Geraci predicts that 2024 will be a revolutionary year for Bitcoin, a significant shift in the ETF industry. He claims that spot Bitcoin ETFs will collectively surpass all previous records. Despite skepticism from some financial advisers, Geraci believes large asset managers such as BlackRock, Fidelity and Invesco have invested in developing new funds.
This bullish forecast is based on confidence in pent-up demand for spot Bitcoin ETFs. Despite the uncertainty surrounding Bitcoin price movements, Geraci believes mainstream asset managers are committed to successful adoption of these tools. Geraci predicts a change in leadership in the industry #ETF , believing that BlackRock will gain a larger market share compared to Vanguard. He points to BlackRock's diverse product portfolio and active management, as well as its participation in the Bitcoin ETF spot market, as key factors influencing this shift.
Additionally, Geraci is awaiting SEC approval of a multi-share class structure, which could significantly impact the growth of the ETF industry.
