Gabor Gurbacs, the Director of Digital Asset Strategy at VanEck, spoke about how the Bitcoin market is more transparent than the equities and commodities market, during a podcast episode on WhatBitcoinDid. He also spoke of the concerns of the commission the Bitcoin ETF can solve in the current market.
Gurbacs stated that one of the concerns that will be solved with the VanEck Bitcoin ETF is the pricing, adding that ETFs use transparent benchmarks. He further stated that VanEck is regulated to offer securities commodities, claiming that they have always been one of the first issuers of any asset.
He went on to say:
“Market manipulation via the over-the-counter markets we regulated broker dealers, you know, we think that we solved that market manipulation question as well. Because is we have price transparency and you have regulated entities that are under you know under established legal jurisdiction.”
The director stated that the bigger issue of the commission is market manipulation and grey area activity outside US jurisdiction like Asia and other countries which have a huge influence on the price of Bitcoin. Gurbacs stated that this is an unsolvable issue, adding “I also don’t know why that’s a big issue.”
He further added that there were several commodities such as oil which have grey areas and foreign influence. Gurbacs said:
“So, what we have a hard time understanding sometimes is that why does the Bitcoin side only have such high standards or double standards, that I like to call, versus other asset classes. There’s actually, today, more transparency into the Bitcoin market than the commodity market and the bond markets.”
The director added that the investment management firm has taken certain steps to ensure that the Bitcoin market grows in a healthy manner. He also stated that they have created an over the counter index in order to bring about transparency in the over the counter market pricing. He also spoke about their partnership with Nasdaq, stating that the American stock exchange will be surveilling several spot platforms in order to ensure that there are no bad traders.
Subscribe to AMBCrypto’s Newsletter
XRP and XLM Price Analysis: Rival coins show bearish pressure of slightly different magnitudes
Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin
Bitcoin [BTC]: Nouriel Roubini connects the fall of ‘criminal ICOs’ to the fall in BTC and ETH prices
Bitcoin [BTC] and Ethereum [ETH] spend millions to secure network against 51 percent attacks
Ethereum [ETH]’s Vitalik Buterin says he is ‘pretty sure’ that more ERC20 tokens will be released
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Bitcoin [BTC] critic Agustin Carstens warns against central banks issuing virtual currencies
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitwise’s report to SEC suggests unregulated crypto exchanges fake 95% of Bitcoin [BTC] trading volume
Tron [TRX] DApp Weekly report: Justin Sun’s cryptocurrency lays down claims that Tron is better than Ethereum and EOS
Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report
- Bitcoin Cash
Bitcoin Cash [BCH] advocate Roger Ver shows his support for Silk Road founder Ross Ulbricht again
Ethereum [ETH] core dev clarifies acceptance of ProgPow in future hard forks
Bitcoin Lightning Network will never be production ready, says Bitcoin Cash [BCH] proponent Rick Falkvinge