Bloomberg analyst James Seyffart has projected significant liquidations in the crypto exchange-traded product (ETP) market by 2027. Despite expectations for over 100 crypto ETFs to launch by 2026, Seyffart cautions that many of these products may not survive. With 126 product filings already submitted, the timeline for potential liquidations could start as early as late 2026, but is more likely to occur in 2027.