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

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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 will sort out all the details. It’s like a big team working together to make sure everything is good to go.

Amid ongoing meetings between 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.

Global Stand-on Bitcoin ETF

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.

If the ETF gets approved, 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.

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.