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‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs


by Anisha Pandey
for CoinEdition

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Bloomberg analyst James Seyffart has named LINK, XLM, and AVAX as the next likely candidates for a spot altcoin ETF.
  • Seyffart named LINK, XLM, and AVAX among the top contenders for upcoming altcoin ETFs.
  • SEC and CFTC collaboration under Trump is accelerating regulatory clarity.
  • Basket ETF products could attract major inflows and result in an altcoin rally.

Bloomberg ETF analyst James Seyffart believes the next wave of altcoins could soon follow Bitcoin and Ethereum into the exchange-traded fund (ETF) spotlight. 

Speaking on the Milk Road Show, Seyffart suggested that Chainlink (LINK), Stellar (XLM), Avalanche (AVAX), Bitcoin Cash (BCH), Litecoin (LTC), and Polkadot (DOT) are well-positioned to benefit once the US SEC finalizes its new framework for crypto ETFs.

The Next ETF Contenders

According to Seyffart, the SEC’s changed stance on crypto is paving the way for a broader range of tokens to enter the ETF wrapper. 

A key requirement is that an asset must have a regulated futures contract listed for at least six months with a CFTC-approved exchange. Many of the coins Seyffart named, including LINK, XLM, and AVAX, already meet that bar.

This marks a major shift from the past, when ETF approval required one-off applications, lengthy deliberations, and, in m…

The post ‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 89.88K

+0.69%

$ 0.111

+0.16%

$ 2.99K

+0.75%

$ 0.214

+0.94%

$ 68.46

-0.01%

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‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs


by Anisha Pandey
for CoinEdition

Share:

Bloomberg analyst James Seyffart has named LINK, XLM, and AVAX as the next likely candidates for a spot altcoin ETF.
  • Seyffart named LINK, XLM, and AVAX among the top contenders for upcoming altcoin ETFs.
  • SEC and CFTC collaboration under Trump is accelerating regulatory clarity.
  • Basket ETF products could attract major inflows and result in an altcoin rally.

Bloomberg ETF analyst James Seyffart believes the next wave of altcoins could soon follow Bitcoin and Ethereum into the exchange-traded fund (ETF) spotlight. 

Speaking on the Milk Road Show, Seyffart suggested that Chainlink (LINK), Stellar (XLM), Avalanche (AVAX), Bitcoin Cash (BCH), Litecoin (LTC), and Polkadot (DOT) are well-positioned to benefit once the US SEC finalizes its new framework for crypto ETFs.

The Next ETF Contenders

According to Seyffart, the SEC’s changed stance on crypto is paving the way for a broader range of tokens to enter the ETF wrapper. 

A key requirement is that an asset must have a regulated futures contract listed for at least six months with a CFTC-approved exchange. Many of the coins Seyffart named, including LINK, XLM, and AVAX, already meet that bar.

This marks a major shift from the past, when ETF approval required one-off applications, lengthy deliberations, and, in m…

The post ‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 89.88K

+0.69%

$ 0.111

+0.16%

$ 2.99K

+0.75%

$ 0.214

+0.94%

$ 68.46

-0.01%

Share:

In This News

Coins

$ 89.88K

+0.69%

$ 0.111

+0.16%

$ 2.99K

+0.75%

$ 0.214

+0.94%

$ 68.46

-0.01%

Share:

Read More

Top 5 Reasons Crypto Prices Are Up Today: BTC, ETH, XRP, ADA

Top 5 Reasons Crypto Prices Are Up Today: BTC, ETH, XRP, ADA

The crypto market is showing upside momentum today, with Bitcoin rising above $90,000...
From $4 to New Lows? OFFICIAL TRUMP (TRUMP) Tests Market Nerves

From $4 to New Lows? OFFICIAL TRUMP (TRUMP) Tests Market Nerves

The broader market sentiment hangs around fear, with the Fear and Greed Index value h...