The post James Seyffart Bloomberg Analyst’s Breaks Down on Bitcoin ETF Approval Timing appeared first on Coinpedia Fintech News
Excitement is building among crypto fans as they eagerly await news about the approval of a Bitcoin Exchange Traded Fund (ETF). Bloomberg Intelligence ETF Research Analyst James Seyffart breaks down some interesting thoughts about how this approval might happen.
Seyffart’s Analysis on 19b-4 & S-1 Filings
Seyffart talks about two sets of papers, 19b-4 and S-1 filings, which are crucial for the approval process. According to Seyffart, the first set, 19b-4, is likely to get the green light. However, the tricky part is figuring out when the ETF can start trading after approval.
Seyffart believes that once the ETF is approved, it might take one or two days before it starts trading. This is a bit different from what people usually expect.
In the meantime, Seyffart is pretty sure that ongoing meetings between big names like Hashdex, BlackRock, and the SEC wil
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