BlackRock’s Bitcoin ETF application is the ‘holy grail’ of exposure for TradFi, says analyst

The Block • June 23, 2023, 6:01AM EDT
The Block

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.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

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."

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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.

This episode is brought to you by our sponsors PayPal and CleanSpark.

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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