Seyffart and his boss, Eric Balchunas, gained prominence in the ETF space, particularly for their analysis of Bitcoin and Ethereum ETFs.
Global payments behemoth PayPal has announced that it will allow US business account customers to buy, hold and sell cryptos directly from their accounts.
The functionality for business accounts will not be available in New York State, the announcement read. PayPal and its peer-to-peer payments app Venmo, first allowed consumers to manage crypto in 2020.
Further, PayPal intends to increase its crypto reach into mainstream business operations.