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

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines