Crypto industry on the verge of ‘over 100 crypto ETF’ swarm, says expert – DL News
- The SEC just passed new ETF approval standards.
- Bitcoin and Ethereum exchange-traded funds have been wildly successful.
- For James Seyffart of Bloomberg Intelligence, the floodgates are opening.
Brace yourself, for Wall Street is about to get flooded with crypto exchange-traded funds.
“We’re going to get well over a hundred ETFs probably that are going to be involved in the crypto space in the next six to 12 months,” James Seyffart, ETF analyst at Bloomberg Intelligence, said on a podcast Wednesday.
The catalyst: new Securities and Exchange Commission rules that lets crypto ETFs launch in 75 days instead of their current 240-day slog through the regulatory mud. Any fund that meets basic criteria, like having a futures contract on a…
