October is shaping up to be a pivotal month for the future of crypto, with the SEC’s deadline to provide a decision on the status of seven spot Bitcoin ETFs extended to around the middle of the month. Grayscale, a crypto research firm, has urged the SEC to approve spot Bitcoin ETFs quickly, warning that the delay is inflicting ‘unjustified harm’ on investors. The firm believes that approval of the investment vehicles will trigger ‘enormous inflows’ and it’s thus reckless of investors not to ‘aggressively accumulate BTC’ at current prices.The market is underestimating the impact of approval of the investment vehicles, according to K33, a crypto research firm. The firm’s senior analysts Vetle Lunde and vice president Anders Helseth say that’s not reflected in crypto asset prices. The analysts also expressed confidence in the price of Ether, predicting it is likely to outperform Bitcoin over the next two months. The duo attributed the rise to the strong momentum leading up to the listing of a futures-based ETFs.In addition to ProShares futures-based Ether ETF that’s expected to launch in the middle of month, Bitwise also aims to add Ether into its Bitcoin Strategy Optimum Roll ETF (BITC) and rename it the Bitwise Bitcoin and Ethereum Equal Weight Strategy ETF. That may launch on Oct. 9.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	10
People	James Seyffart, Anders Helseth, Eric Balchunas, Vetle Lunde, NYCStein
Companies	Bitwise, Valkyrie, SEC, K33, Fund Company Valkyrie, GlobalXETFs., ProShares, Grayscale
Currencies	US Dollar, SHIBONK, Ethereum, Bitcoin, wall st bulls.
Securities	None