According to a report by K33 Research, the market is dramatically underestimating the potential for Bitcoin to be impacted by the launch of the first U.S. spot BTC ETF

market is dramatically underestimating the potential for Bitcoin to be impacted by the launch of the first U.S. spot BTC ETF

A new study by expert firm K33 Research sheds new light on the cryptocurrency market and expectations for ETFs. Analysts Vetle Lunde and Anders Helseth suggest that the market is underestimating the potential impact that the approval of a Bitcoin ETF could have. Despite the increasing chance that applications will be approved, current Bitcoin prices remain relatively low.

Bitcoin ETF spot potential

According to K33 Research, approval of a spot Bitcoin ETF could bring a “huge inflow” of capital and a significant increase in demand for Bitcoin. If the ETF is rejected, the effects on Bitcoin prices would be much less significant, according to the researchers.

Lunde and Helseth also criticize the current outlook for approving spot ETFs. They point to predictions by James Seyffart and Eric Balchunas of Bloomberg ETF, who estimate a 75% chance of approving a spot Bitcoin ETF within a year.

According to the researchers, the cryptocurrency market is currently a market where demand rather than supply decides. Therefore, they believe that not accumulating Bitcoin at the current price level may be unwise. They cite as an argument the recent rise in the Nasdaq-100 index, which is often seen as an indicator of market risk appetite.

Ethereum also with potential

K33 Research also focuses on the future of Ethereum (ETH) and predicts that it could surpass Bitcoin in the coming months. Researchers link this to expectations of ETFs based on Ether futures. Like Bitcoin, which gained in value after the launch of its first futures-based ETF, Ether may follow a similar growth path. A decision on an ETF based on Ether futures is expected in mid-October, and experts believe it has a chance of SEC approval.

Recently, the U.S. Securities and Exchange Commission (SEC) announced a delay in the decision-making process for seven proposals for bitcoin cash ETFs. Former SEC Chairman Jay Clayton expressed understanding for the delay, arguing that it is in line with the court’s guidelines and the need for careful risk assessment and regulation in the cryptocurrency market.

Bitcoin ETF spot is inevitable

Clayton stressed that the SEC must distinguish between securities and other cryptocurrency assets, including stablecoins. He also pointed out that other regulators are also grappling with this issue. When asked about the approval of bitcoin ETFs, he avoided a direct answer, but stressed that BTC is not a security, and investors are very interested in easy access to it. In addition, reputable financial service providers are eager to launch Bitcoin-related products, making approval of a Bitcoin ETF inevitable.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load