Bloomberg Analyst On Spot Bitcoin ETF Approval by US SEC

Bloomberg Intelligence ETF analyst James Seyffart in an interview with Paul Barron Network reflected on Bitcoin ETFs status, BlackRock spot Bitcoin ETF, odds of approval by the US SEC, the impact Judge Torres’ ruling in US SEC v. Ripple Labs, political pressure, and crypto regulations.

He said there are currently many BTC ETF filings with the SEC, with BlackRock filing making the most noise as traditional financial firms make another stride into the crypto market. While Ark Invest and 21Shares’ spot Bitcoin ETF application is first in line, BlackRock looks to capitalize first with a sudden move.