‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs
- 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 More
Will Pudgy Penguins (PENGU) Glide to $0.040 or Stumble Along the Way?
‘Floodgates are opening’: Bloomberg’s Seyffart names the next likely altcoin ETFs
- 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 More