James Seyffart is an ETF analyst at Bloomberg Intelligence.

In this episode, Seyffart analyzes BlackRock's recently announced spot bitcoin ETF application and the impact it would have on the crypto market if approved.

While bitcoin futures ETFs exist, Seyffart says that BlackRock's spot bitcoin ETF application is the "holy grail of bitcoin exposure in the TradFi markets."

In the wake of BlackRock's filling, Wisdom Tree, Invesco, and Valkyrie also put their hats back in the race for a spot bitcoin ETF.

This episode is brought to you by our sponsors PayPal and CleanSpark.

About PayPal

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About CleanSpark

CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.