Bitcoin Spot ETF: Bloomberg Analyst Offers Insights On Approval Timing
Summary
Bloomberg analyst James Seyffart discussed the timeline for Bitcoin Spot ETF approval, stating that 19b-4 clearance may not be difficult, but the trading start date post-approval is uncertain. He expressed uncertainty about S-1 filings and emphasized the need for SEC approval. Seyffart cautioned against high expectations, refuting projections of a $100 billion inflow into Bitcoin if approved, citing the long availability of gold in the US with a worth of $95 billion.
