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 vp Anders Helseth mentioned the final three months had drastically improved the probabilities 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
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