Crypto Prime The State of Crypto ETFs with Bloomberg’s James Seyffart
Jan 22, 2026
James Seyffart, a Senior Research Analyst at Bloomberg Intelligence, dives into the current state of crypto ETFs. He discusses the recent lull in excitement surrounding ETF flows and debates whether these products have truly proven their long-term value. With over 150 filings currently, James predicts that more than 100 ETFs could launch by 2026, though many may struggle. He also explores how regulatory clarity could potentially spark institutional interest and shares insights on his upcoming Bitcoin book targeting traditional finance audiences.
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Crypto ETF Lull After Early Surge
- Crypto ETF activity has entered a notable lull since early December despite earlier bursts around approvals.
- James Seyffart says peak flows and assets clustered around October 10 and have not recovered since.
150+ Crypto ETF Filings And Counting
- There are well over 150 crypto ETF or ETP filings and the count keeps rising.
- Filings include spot, futures/derivatives, income/covered-call and basket/index structures, not just pure spot products.
Expect Many Launches — And Many Failures
- Seyffart expects 100+ new crypto ETPs to launch in 2026 and many more filings during the year.
- He also expects many launches will fail or liquidate because issuers are filing deeply into the long tail of tokens.