"Virtual Asset Spot ETF: Most Likely to be Approved"

JH Kim

Summary

James Seyffart, a Bloomberg analyst, said that the approval probability for most virtual asset spot ETF applications is over 90%.
He conveyed that the recent active communication with the SEC of the United States is a positive sign.
However, he explained that the timing of approval is uncertain, and discussions may be postponed until the end of the year.

James Seyffart, a Bloomberg analyst, stated on the 20th (local time) via X (formerly Twitter) that "the probability of approval for most virtual asset (cryptocurrency) spot ETF applications is over 90%."

He explained, "The recent active communication with the U.S. Securities and Exchange Commission (SEC) is a positive signal," while adding, "However, the timing of the approval is still uncertain. There is a possibility that discussions may take place within the next month or two, or it may be postponed to October or later."