GTS Executive: The trading premium for BTC spot ETF could reach up to 8%

Reggie Browne, the ETF trading head at market maker GTS, said that the trading price of a BTC spot ETF would have a significant premium over its net asset value. Browne stated that if a fund is approved, its trading price may have an 8% premium over the value of the underlying assets. In contrast, BITO, which holds BTC futures, had an average premium of 0.02% in the past year. "The width of the spread is not what worries me; I think it will be about premiums to net asset values," Browne said. "It's going to be a crazy number." Browne also mentioned that if approved, he expects investors to inject at least $2 billion into spot BTC ETF trades within the first 30 days. For the full year, he anticipates these funds will reach between $10 billion and $20 billion in size. He added: "While we celebrate today, I believe all details will be announced tomorrow morning."