Bitcoin ETF

Bitcoin

James

<p>The post <a href="https://coinpedia.org/news/james-seyffart-bloomberg-analysts-breaks-down-on-bitcoin-etf-approval-timing/">James Seyffart Bloomberg Analyst’s Breaks Down on Bitcoin ETF Approval Timing</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>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 <a href="https://twitter.com/JSeyff/status/1737290037803315306">some interesting</a> thoughts about how this approval might happen.</p> 
<h2 class="wp-block-heading" id="h-seyffart-s-analysis-on-19b-4-amp-s-1-filings">Seyffart’s Analysis on 19b-4 &amp; S-1 Filings</h2> 
<p>Seyffart <a href="https://twitter.com/JSeyff/status/1737290037803315306?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1737290037803315306%7Ctwgr%5E8687c1262feb7023ce5ab6cd9159b62e60826ecc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fbloomberg-analyst-shares-new-take-on-bitcoin-etf-approval-timeline">talks about</a> 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.</p> 
<p>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.</p> 
<p>In the meantime, Seyffart is pretty sure that ongoing meetings between big names like Hashdex, BlackRock, and the SEC will sort out all the details. It’s like a big team working together to make sure everything is good to go.</p> 
<p>Amid ongoing <a href="https://coinpedia.org/news/blackrocks-third-meeting-with-sec-signals-approval-of-spot-bitcoin-etf/">meetings between</a> Bitcoin ETF hopefuls and SEC officials, Seyffart introduces an element of uncertainty. He’s not sure if the second set of papers, the S-1 filings, are ready for approval, adding a bit of mystery to the whole process.</p> 
<h2 class="wp-block-heading" id="h-global-stand-on-bitcoin-etf">Global Stand-on Bitcoin ETF</h2> 
<p>Getting a Bitcoin ETF in the U.S. has been a lengthy process, compared to other countries like Canada, Germany, and Brazil, which have already done so. According to Seyffart, the expert, having a Bitcoin ETF in the U.S. could change things for the worldwide cryptocurrency market.</p> 
<p>If the ETF <a href="https://coinpedia.org/news/wall-street-eyes-98-7-chance-of-bitcoin-etf-approval/">gets approved</a>, big investors can easily get into Bitcoin without any complicated stuff. Seyffart says this could bring in a lot of money, maybe around $100 billion, and that might make the price of Bitcoin change a lot.</p> 
<p>In simple words, Seyffart’s ideas show that getting approval for a Bitcoin ETF is like solving a puzzle. Once it’s solved, it might change a lot of things in the cryptocurrency world.</p>

James Seyffart Bloomberg Analyst’s Breaks Down on Bitcoin ETF Approval Timing

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