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James Seyffart questions the reasoning behind distinctions made between a 33 act exchange-traded product (ETP) and a 40 act exchange-traded fund (ETF).
He points out that the 33 act ETP offers fewer protections compared to a 40 act ETF, a fact well known within the industry. Seyffart suggests the issue may relate to competition in the marketplace, emphasizing that nothing substantive has changed regarding these regulatory differences.
Seyffart has previously argued that ethics and insider trading regulations should be applied equally to stocks and crypto assets, advocating for simple, market-wide standards in a recent commentary. He has also commented on major crypto launches, stating that DRAM's debut rivals or surpasses IBIT based on its performance, according to his analysis of recent market activity. These points reflect his continued focus on regulatory consistency and robust industry practices.