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CoinOtag 2024-06-14 16:49:11

JPMorgan Issues Dire Bitcoin ETF Warning Amid Overestimated Institutional Demand

JPMorgan has issued a cautionary statement regarding Bitcoin ETFs, warning that their demand might be overestimated. The banking giant suggests that not all inflows are new institutional investments but rather a rotation from existing cryptocurrency wallets. Despite the emergence of Bitcoin ETFs as a preferred method for exposure due to cost efficiency and liquidity, there’s

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