“Buy Bitcoin Now BEFORE BlackRock Buys It ALL” James Seyffart Bitcoin ETF 2024 Prediction

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James Seyffart is a Bloomberg ETF analyst.

He’s one of 2 analysts that have been covering and breaking down all the Bitcoin ETF developments.

In his latest interview, he broke down the latest regarding the Bitcoin ETFs and why he’s confident it’s coming in the 3 day window between January 8th to January 10th.

Make sure to stick around to the end of the video where Seyffart also speaks on the odds of an Ethereum ETF & why he believes the SEC will be forced to approve them by the middle of 2024.

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“Buy Bitcoin Now BEFORE BlackRock Buys It ALL” James Seyffart Bitcoin ETF 2024 Prediction

In early October we went to 90% odds of approval by the January 10th deadline which is Ark in 21 shares filed for the spot bin ETF there basically the SEC has all these periods where they can or deadlines where they can delay deny or approve almost always and in in history

For the last decade plus they’ve delayed every time they got the chance they’re coming up to a point where they can no longer delay they have to either approve or deny and that’s where we why we think it’s going to happen so yeah we’ve been pretty confident in that take we’ve seen

More and more things that aren’t necessarily changing our odds but confirming our prior convictions and our prior views and just steps in the process that would need to happen no matter what in order to see these things approved in early January so right now that window is probably January 8th to

January 10th where we could see it happen so it’s a three-day window where we could see these approvals and it would be an onass approval it would probably be for everyone and basically says okay if you’re ready to go you can go we’re going to approve you here

Whether or not all of them will be ready to go have all the plumbing and pipes tied up on the back end that’s a different discussion but we do think it’s going to happen James sa far is a Bloomberg ETF analyst he’s one of two analysts that have been covering and

Breaking down all the Bitcoin ETF developments in his latest interview he highlighted a 3-day window in which he believes the ETFs will be approved first off Safar reconfirmed his 90% odds of approval by January 10th as to what dates he’s looking for approval January 8th January 9th and January 10th a 3-day

Window in which he believes all 12 spot Bitcoin ETFs will be approved make sure to stick around to the end of the video saart also comments on the odds and dates of approval of a spot ethereum ETF also guys only a small percentage of my viewers are actually subscribed if you

Enjoy Finance content consider subscribing or liking the video it’s free and you can always change your mind now here’s James Saar with its latest breakdown on the Bitcoin ETFs technically they all have different timelines the only one that has a final deadline is Ark and Arc in 21 sh their

Application they filed in April they were long before anyone Black Rock was the next one to file in June when everything started heating up about the possible approvals but Arc and 21 sh were already basically through the first few steps of this process that said our view and what they did with ethereum

Futures ETS what they’ve since have we’ve been saying for a long time now they’re going to do is they’re going to line everyone up because they don’t want to be basically King makers they don’t want to be picking favorites here to win these races whether it’s uh getting the

Most assets or acquiring the most liquidity so if the SEC is going to approve all these things they’re likely going to approve them all at once because again they don’t want to play kingmaker in this case now there’s like you can argue that sets a weird precedent we’re like usually if you file

First and the SEC approves you get to go out first I think this is a unique situation I mean they’ve been denying these things for a decade it’s not like this was like completely new and out of the blue but it’s very interesting to see what will happen and obviously we

Think it will be approved but there’s a we do have that 10% odds out there and I can go into a little more Nuance about like why we’ve gotten more and more confident we’ve heard Rumblings from different people from people involved in this process people who know other

People involved in this process you kind of have to like we have sources that are very reliable and some sources that we don’t know how reliable they can be but when you’re hearing the similar things from a bunch of different people like coming from different angles which

You’ve been hearing for over a year and then we also saw the eth Futures ETF which they all got approval there was a lot of talk about the sec’s trying to line them all up and there was a lot of moves by different players Valkyrie specifically some other issuers were

Trying to jump the line and and get out first which really smart Savvy plays from my point of view but the SEC just basically did everything they possibly could to make sure everyone was going out on the same day and didn’t let anyone do it so the fact that they were

Willing to go to those lengths to make sure that not one person got a head start on everyone else shows to us that that’s likely what they’re going to do here with spot if they indeed are going to approve like gr so like obviously when Black Rock filed that was a key

Indication that like they’re the largest assent in the world they are not going to be doing this if they think there’s like like I I said this last time I was on right like even if they thought it might not have been quite 50% or something like that they have to think

There’s some significant odds of getting this through right the other side of this is the grayscale lawsuit that really tripped things up and that was one of the reasons why we were more bullish than everyone beforeand because we were calling for grce scale to win that lawsuit when most other people were

Saying they weren’t going to win particularly those outside of the industry and then those surveillance sharing agreements you were talking about ironically enough there were some examples of surveillance sharing agreements in Prior applications the Wile balls twins actually included one in one of their very first applications because they own Gemini that the

Exchange and they were basically saying we’re going to use Gemini pricing and we’re going to have a surveillance sharing agreement with Gemini’s trading platform but the main Crux of that problem is like you can’t just control the ETF the custodian the trading platform and then say like you’re being

Surveilled so that was a whole different issue on why they like that wouldn’t get through today essentially but coinbase obviously things have become just more institutionalized but when Black Rock filed one of the big things was they included that surveillance sharing agreement with coinbase but honestly in

My view the grayscale decision in the DC Circuit Court of Appeals basically vacated the need even for a coinbase surveillance sharing agreement it basically says that like this the the surveillance sharing agreement with the CME Bitcoin Futures markets which uh is regulated by the cftc and has a surveillance sharing agreement is enough

And should be enough for a spot ETF is basically the Crux the issue that came along with the grayscale decision so we have all those things that made us more and more confident and then at the end of September we saw a lot of delays like I talked about all those dates people

Were like oh that’s it they’re going really early but we were really like at the cusp of like going into a federal government shutdown and that people were trying to get things out the door but after that shortly after that I think it was October 8th or 9th we started

Hearing rumors that there was comments coming back on What’s called the s1’s the prospectuses so all these dates and things I’m usually talking about are via this 19 B4 process which is like the exchanges in these issuers file for a rule change to like list something on

Their Exchange in this case spot Bitcoin ETF and the SEC has to say okay we’re going to allow this rule change so you can do this there’s two things that need to happen for an ETF to be approved in history in the last decade plus they never did anything besides delay delay

Delay and then deny in that 19 B4 process there was nothing else that ever happened nothing really ever happened with that S1 side of thing so that 19 B4 processes with one division of the SEC called the division trading markets the prospectus has to get sign off from

Another division called the division of corporate finance no spot Bitcoin filing has ever had any comments from the corporate division corpor Finance as far as we have been aware historically so when we saw that that was a huge pattern break for us combined with the fact that

The gbtc case and gra scale case was confirmed by the DC circuit it was just all these things that’s when we went to 90% we were like the SEC is not going to be coordinating and going over like the fine-tune aspects of the risks of the

Trusts and the funds that are these ETFs how the structure is actually going to work they wouldn’t have gone to that level of detail if they weren’t getting ready to really approve and they went early in October like I said they have till January 10th so they’ve been

Ironing things out with these issuers since at least the first half of October so this is a process that’s been ongoing for a long time and then if we want to we get into the weeds of like these comment periods but there was something that happened at the end of November

That really gave me a lot of confidence confirmed the narrowing window of when these approvals might happen so there’s James on why he’s confident in his 90% odds of approval for the Bitcoin ETFs and why he believes they will come between January 8th and January 10th

Next year less than a month ago now looking further into 2024 there are also multiple spot ethereum ETF applications although he doesn’t yet have official odds of approval he does have it at higher than 50% but the odds are not at the 90% level either his thoughts on How

Likely a spot ethereum ETF is to be approved as well as what dates investors should be looking at so I think it’s more likely than not we haven’t come out with an official odd we’re actually in the process of debating where we are on that that said like it’s a completely

Different animal right so you can see ways that gendler could argue that it’s not the same situation could say that they’re not ready you can argue that it’s not as the Futures Market isn’t as robust or institutionalized I don’t agree with those things but you could

See where the SEC could maybe like draw delineations go to proof of stake versus proof of work make arguments that that’s so basically if the SEC really wants to stop this they probably would have to either find a way to just like kind of Kick the Can down the road a little bit

Which I don’t know how they’ll do that or they’d have to basically claim this thing claim eth as a security which I’ve written notes and I got lambasted for on on Twitter basically saying the in my view has basically implicitly accepted ethereum as a commodity which is why I

Think we will see these things ultimately approved more likely than not by the end of May that’s like we have Ark and 21 shares for the Bitcoin ETF their first deadline is January 10th we have Arc and 21 shares alongside vanac whose deadlines for the eth ETFs their

Final deadline is going to be May 23rd May 24th so I think we could see approvals then there’s no guarantee there but I do think obviously that it doesn’t imply automatically that we get an approval I do think it’s 100% a positive sign if we get these beats to

See ETFs approved that it’s a very positive indication that we will likely see the E spots ET approved but it’s not as we’re not at that 90% level that’s for sure so January 8th January 9th and January 10th for a spot Bitcoin ETF and May 23rd and May 24th for an ethereum

ETF Mark these states down in your calendar as they are undoubtedly going to be explosive a point in time that will go down in history as a major milestone for the top two cryptocurrencies the date in which The Floodgate open to institutional Capital anyway guys hope you all enjoyed today’s

Video and that provided you with some value I’ll see you all in the next one and as always all the best