BlackRock’s Bitcoin ETF application is the ‘holy grail’ of exposure for TradFi, says analyst
Quick Take
- James Seyffart, an ETF Analyst at Bloomberg Intelligence, reviews BlackRock’s recent application for a spot bitcoin ETF and its potential implications for the cryptocurrency market.
Episode 60 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Bloomberg Intelligence ETF Analyst James Seyffart.
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James Seyffart is an ETF analyst at Bloomberg Intelligence.
In this episode, Seyffart analyzes BlackRock's recently announced spot bitcoin ETF application and the impact it would have on the crypto market if approved.
While bitcoin futures ETFs exist, Seyffart says that BlackRock's spot bitcoin ETF application is the "holy grail of bitcoin exposure in the TradFi markets."
In the wake of BlackRock's filling, Wisdom Tree, Invesco, and Valkyrie also put their hats back in the race for a spot bitcoin ETF.
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