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.

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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