In a recent interview with Thinking Crypto, James Seyffart, an ETF Research Analyst at Bloomberg, delved into the latest happenings in the cryptocurrency market and the potential green light for Bitcoin spot ETFs. He also touched upon the influential roles of major players like BlackRock and the European Union’s endorsement of a Bitcoin spot ETF. Here, we break down the key takeaways from their conversation.
Seyffart noted that the odds of Bitcoin spot ETFs gaining approval in 2023 have surged to 75%. He attributed this uptick in optimism to a combination of factors, encompassing heightened regulatory pressure, political considerations, and the recent pivotal court ruling in the case of Grayscale Investments.
When discussing the prospect of the SEC appealing the Grayscale ruling, Seyffart outlined two potential scenarios. He deemed the likelihood of an appeal reaching the Supreme…
