Crypto market is undervaluing potential for spot bitcoin ETF: K33 Research

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Crypto market is undervaluing potential for spot bitcoin ETF: K33 Research
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The market appears to be undervaluing the potential of U.S. spot bitcoin ETFs, according to crypto research firm K33 Research.

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from BlackRock, Fidelity, VanEck, WisdomTree, Invesco, Bitwise and Valkyrie until mid-October.

While sentiment in the crypto derivatives market remains negative, with funding rates, CME basis and next-month premiums consistently below average since mid-August, that sentiment could"turn in a heartbeat," the analysts said. . With CME's ether futures operational for over two years and no filings retracted, the scales are tipped in favor of approval, the analysts said.

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