Bloomberg analyst predicts many altcoin ETPs will fail

Bloomberg ETF analyst James Seyffart has predicted that many altcoin exchange-traded products (ETPs) are likely to fail. He explained that ETPs for long-tail assets, which he described as tokens with small market capitalizations and low liquidity, are almost certain to not attract significant capital inflows. Seyffart noted that products with low investment levels are likely to be delisted eventually, adding that this is particularly true if five or more applicants are awaiting ETP approval for the same altcoin. Seyffart previously stated that a total of 92 crypto ETFs are pending review by the U.S. Securities and Exchange Commission (SEC).