Vetle Lunde (K33) on ETFs after a turbulent week: Positive and a legitimization of Bitcoin

While the market is still waiting for a clarification on whether - and possibly when - the US exchange authorities will approve Bitcoin spot-based ETFs, kaupr.io has taken the opportunity to video interview analyst Vetle Lunde in K33, both about ETFs and the outlook in the crypto markets.

- ETFs will make Bitcoin available to a completely different type of investor than those who have access to Bitcoin today, primarily large institutional funds, Lunde says in the interview, and continues: “An ETF structure backed by the most important financial institutions in the world will give a confidence in this instrument that one does not have in the Bitcoin spot market today.

These are some of the questions we have covered in our conversation with Lunde:

  • Why is there such a high level of interest attached to the ETFs?
  • This week, the rates have been swinging up and down. What makes the market so unstable?
  • Assuming there will be an ETF approval. What could it mean for the markets?
  • In the longer term, does this also mean some kind of legitimization of crypto and Bitcoin?
  • What are the prospects for 2024, and what are the drivers?
  • Are we heading into a bull market, after the crypto winter of the past couple of years?

The video conversation between editor Morten Myrstad in Kaupr and analyst Vetle Lunde can be seen below:

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