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"Nic sits down with James Seyffart of Bloomberg Intelligence to break down the surge in XRP and Solana ETFs, the upcoming Dogecoin and Chainlink ETFs, and what this means for crypto markets. They cover ETF inflows, the DAT unwind, altcoin index products, and whether “altseason” is truly dead or just delayed."
~ Coin Bureau
The video features a conversation with James Safet, a senior analyst at Bloomberg Intelligence, discussing the current state of cryptocurrency Exchange-Traded Funds (ETFs). The discussion highlights the strong performance of recently launched XRP and Solana ETFs, which, despite a general market pullback, have logged some of the biggest launch days for any ETF in the US this year. Safet noted the anticipated high demand for BlackRock's proposed staked Ethereum ETF due to its yield component and explained that new in-kind creation and redemption standards for altcoin ETFs mean that some of the initial inflows come from existing crypto holders moving their assets into the ETF structure, rather than representing net new money entering the market. Safet projects that both the Solana and XRP ETFs will grow to become multi-billion dollar products within the next year.
The conversation shifted to the future pipeline of altcoin ETFs, with Dogecoin and Chainlink products being the next anticipated launches. Safet predicts that "basket products" or index funds offering diversified exposure to multiple altcoins will ultimately become a major category, potentially having a greater impact on the price of long-tail assets than individual ETFs. They also discussed the decline of high premiums in Decentralized Autonomous Trusts (DATs), which may lead to acquisitions of companies trading below their net asset value. Addressing the broader market, Safet stated that while the current market is experiencing a significant pullback, it is an expected part of the market cycle, and he anticipates that the increasing involvement of institutional investors will lead to more muted volatility in future cycles.
00:00 Intro
01:34 What demand do you expect for XRP + ETH staking ETFs?
05:40 Retail or institutional flows into XRP/SOL ETFs?
10:17 Why aren’t ETF inflows moving prices?
13:36 Which ETFs are launching next? How many?
22:59 Will altcoin index/basket ETFs dominate?
26:04 What's missing in the current ETF landscape?
27:50 Is the DAT bubble unwinding now?
32:18 What does the US market structure bill mean for ETFs?
35:56 Are we in a bull or a bear market?
41:16 What killed altcoin season?
43:47 Are ETFs replacing altcoins as high-beta plays?
45:33 Which ETF should not exist?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=jP1iBmBqEg8
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
