Episode 105 of The Scoop Season 5 was recorded as follows: The Block’s Frank Chaparro and Bloomberg Intelligence ETF research analyst James Seyffart.
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James Seyffart is an ETF research analyst at Bloomberg Intelligence.
In this episode, Seyffart shares why he believes approval of a Bitcoin spot ETF is imminent and how the market will react to this news.
Grayscale Investments’ victory against the SEC last August on its application to convert its flagship Grayscale Bitcoin Trust (GBTC) product into a spot Bitcoin ETF is another key factor in the SEC’s potential approval. said Seyffart.
“I think the SEC is kind of backed into a corner by the judges basically throwing out the whole decision and the reasoning they’ve used to reject ETFs in the past,” he added. “I think the SEC and Chairman Gary Gensler know that they are playing a little too far and that they are backed into a corner right now.”
outline:
00:00 – Bitcoin ETF Overview
04:30 – Bitcoin ETF decision schedule
07:47 – Spot Ethereum ETF Probability
09:54 – Bitcoin ETF Odds Spot
18:09 – Grayscale and SEC
24:35 – Cryptocurrency ETF nuances
27:03 – Institutional BTC Demand
33:29 – Closing thoughts
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About the author
Davis Quinton is the Director of Podcasts at The Block and has a 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 multiple departments to translate The Block’s written content into engaging multimedia formats. He is a graduate of the Department of Social Studies & Public Policy at New York University, Abu Dhabi, and is based in Sydney, Australia.