Alt Thinking February 22, 2024
DeFi Decoded Podcast

The Bitcoin ETF launch was the most successful ever. Is ETH next? With James Seyffart of Bloomberg

The Bitcoin ETF launch was the most successful ever. Is ETH next? With James Seyffart of Bloomberg
Investment Team
  • Alex Tapscott, CFA
    Managing Director, Digital Asset Group, Portfolio Manager
    Alex Tapscott, CFA
    Managing Director, Digital Asset Group, Portfolio Manager
    Mr Tapscott is an entrepreneur, business author, and seasoned capital markets professional focused on the impact of emerging technologies, such as blockchain and cryptocurrencies, on business, government, and society. His latest book, Web3: Charting the Internet’s Next Economic and Cultural Frontier (Harper Collins), was published September 19th, 2023. Alex is also the Managing Director of the Digital Assets Group at Ninepoint Partners, one of Canada’s leading investment firms, with more than...
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Delve into James' methodology behind predicting Bitcoin ETF approval odds, insights on GBTC and ETHE discounts to NAV, the likelihood of Ethereum ETF approvals, and how the SEC's approach compares to other regulators.

Join Alex Tapscott and Andrew Young as they decode the world of DeFi and Web3 with special guest James Seyffart, ETF Research Analyst at Bloomberg Intelligence. Listen in as they discuss James’ methodology behind the Bitcoin ETF approval odds he set last year, reading between the lines of GBTC and ETHE’s discounts to NAV, the likelihood of Ethereum ETF approvals, how the SEC differs from other nations’ regulators, the historic flows into Bitcoin ETFs, next cryptoasset to get ETF beyond BTC and ETH, Canadian Bitcoin ETF outflows following U.S. approvals, GBTC’s high 1.50% fee, whether Ethereum staking and leveraged Bitcoin ETFs will come, key dates and deadlines for Ethereum ETF approvals, Bloomberg Intelligence and James’ story, and more!

To help comprehend just how successful the launch of spot Bitcoin ETFs in the U.S. has been and break down the odds of seeing Ethereum ETF approvals later this year, we couldn’t think of any better guest than Bloomberg’s James Seyffart. As an ETF expert, James closely followed the Bitcoin ETF race from start to finish alongside colleague Eric Balchunas, where the duo reported key developments in simple terms to hundreds of thousands of active followers and also successfully called the SEC approvals. With $5.03 billion of inflows ($12.4 billion excluding GBTC) since the January 11th launch, we ask James to explain more on why he calls it the most successful launch in ETF history. James recently set Ethereum ETF approval odds of 60%-65% by May 23rd this year, which we break down and discuss the thought process behind. 

Tune in to the 134th DeFi Decoded episode to hear Alex, Andrew, and James discuss all things Bitcoin ETFs and Web3. What was the thought process that went into James’ Bitcoin ETF approval odds that he set? Are Ethereum ETFs going to be approved by the SEC? Which cryptoasset is most likely to be the third to get an ETF?

 

 

Part of Ninepoint’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.

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