SEC Delays Approval of XRP ETFs This Year – Bloomberg Analyst


Bloomberg’s ETF analyst, James Seyffart, discussed how Bitcoin ETFs could affect the market and the strategies that different issuers might use. Seyffart pointed out that various ETFs are using different methods to attract investors.

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On

James Seyffart, a specialist in ETFs at Bloomberg, shared insights on the significance of ticker symbols. He indicated that certain ETFs are deliberately crafted to be catchy and meme-driven, appealing to a younger, more viral audience. In contrast, others adopt a traditional strategy, aiming at the older demographic commonly known as “Boomers.”

Bloomberg ETF Analyst’s Views on ETFs and Crypto

James Seyffart, an ETF specialist at Bloomberg, urged caution when choosing favorites among various ETFs, expressing concerns about the potential closure of some ETFs within the next 12 to 24 months. He emphasized the crucial role of partnerships with major financial institutions such as JPMorgan, Goldman Sachs, and Jane Street for active ETF participants, citing their involvement as a sign of credibility that enhances the efficiency and liquidity of the ETFs.

Addressing speculation about whether ETF filers have already started accumulating Bitcoin, Seyffart clarified that the nature of cash creation in ETFs prevents the transfer of existing Bitcoin into the funds. He anticipated significant buying activity in the first days of trading once the ETFs are approved.

On the topic of Ethereum or XRP ETFs, Seyffart pointed out that Bitcoin and Ethereum have an advantage due to existing regulated futures markets. However, he expressed skepticism about XRP gaining approval in 2024, citing ongoing legal challenges. Seyffart emphasized that for XRP to have a chance, the court case must be resolved, as the SEC is currently engaged in legal battles with Ripple.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On


Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News



    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

Leave a Reply

Your email address will not be published. Required fields are marked *