Analysts K33: The market greatly underestimates the influence of spotal ETF on cryptocurrency courses – Bits Media

According to analysts of the K33 company (previously known, Like Arcane Research), The approval of spotes ETF on bitcoin will affect the cryptocurrency market much more, What the public thinks.

In his report, senior analyst K33 Vetla Lunde (Vetle Lunde) and vice president of the company Anders Helset (Anders Helseth) stated, that in the past three months the chances of approval of applications for bitcoin -etf have increased significantly. but, while these moods are not at all reflected in the courses of bitcoin and other large coins.

Analysts noted, that against the backdrop of the victory of Grayscale in a lawsuit against SEC, the Bitcoin exchange rate has grown significantly, However, at the moment, the price of the BTC has rolled back to the previous levels. But with the appearance of spotes ETF on bitcoin, the influx of funds in the first cryptocurrency will be “incredible”, So, significant pressure of customers will appear.

Wherein, The compilers of the report are considered, If the SEC refuses to Bitcoin-ETF applications, for cryptocurrency prices, this will affect slightly.

“I'm firmly sure, that the market is wrong now. After all, now the buyer’s market is just stupid not to accumulate bitcoins at current levels. ", - It is noted in the document.

Also Lunde and Helset wrote, that more large -scale growth from ETH expects, than from BTC. Analysts expect, that over the next two months the income from investing on the air will be greater, than from buying bitcoin.

Recently, Grayscale sent a letter to the US SEC with a request for cooperation as part of the transformation of the Grayscale Bitcoin Trust Foundation (GBTC) In a spotal eTF on bitcoin.