Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

The potential of a spot (BTC) exchange-traded fund (ETF) approval to drive costs up is dramatically underestimated by the crypto market, declare analysts from crypto analysis agency K33 — previously Arcane Analysis.

In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice chairman Anders Helseth stated the final three months had drastically improved the possibilities of a spot Bitcoin ETF approval regardless of the sentiment not being mirrored within the value of Bitcoin or different mainstay crypto property.

ETH set to outperform BTC

Proceed Studying on Coin Telegraph