Bloomberg ETF analyst James Seyffart discusses the $9 billion crypto ETF exodus, the spaghetti cannon approach to new ETF launches, and why the great sector rotation into energy, materials, and industrials creates the perfect environment for active managers while AI steals crypto’s speculative thunder. We also dig into the risks of levered and covered call ETFs, index rebalancing, and more. Enjoy!
__
Follow James: https://x.com/JSeyff
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code FORWARD200 for $200 OFF!
https://blockworks.co/event/digital-asset-summit-nyc-2026
__
Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral. Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here:
https://www.coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_FG&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=FG
—
Timestamps:
(00:00) Intro
(03:25) What Happened To Crypto?
(06:18) The Basis Trade
(08:12) The Evolving ETF Landscape
(12:48) Onboarding Institutions & Tokenization
(17:47) Global Access To ETFs
(20:09) Top Holders & Sellers And AI Competition
(25:35) Ads (Coinbase)
(26:28) Levered & Covered Call ETFs
(31:00) Index Inclusions & Rebalancing
(35:00) Massive Dispersion & ETF Rotations
(41:07) Private Credit & Equity
(45:30) Final Thoughts
__
Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#macro #investing #markets #stocks #stockmarket
