Grayscale's Bitcoin ETF sees a slowdown in outflows, with $15 million net sales on Friday. Concerns over GBTC's 1.5% high fee may drive investors toward lower-fee alternatives as Bitcoin ETF hype normalizes.
Huang BoJPMorgan's analysis points to a potential stabilisation in Bitcoin's valuation, post the GBTC sell-off whirlwind. The market's next moves, while uncertain, are watched with a keen, analytical eye.
MiyukiJPMorgan analysts downgraded Coinbase to underweight on Tuesday.
JinseFinanceIn reference to the catalyst, specifically Bitcoin ETFs, analysts fear that the momentum driving the crypto ecosystem out of a prolonged downturn may not meet market expectations.
AlexThe cryptocurrency market faces uncertainties as the bitcoin ETF catalyst loses its previous luster, impacting major players like Coinbase. Investors should tread carefully amidst potential market deflation.
SanyaExplore JPMorgan's insightful analysis on the introduction of spot bitcoin ETFs and their impact on the cryptocurrency investment landscape. Delve into the nuances of capital inflow, market skepticism, and strategic fund rotations influencing the future of crypto investments.
WeiliangIn the aftermath of the SEC's approval of U.S.-listed spot Bitcoin ETFs, JPMorgan anticipates a potential breather for Bitcoin mining stocks. Despite uncertainty, the bank views any sell-off as a buying opportunity, emphasizing that the ETF's approval does not directly impact mining economics. Iris Energy (IREN) is identified as JPMorgan's preferred value stock in this evolving landscape.
BerniceJPMorgan's CEO faces sharp criticism from the crypto community as he assumes a role in a Bitcoin ETF, raising eyebrows amid his outspoken anti-crypto sentiments.
BrianInstitutional investors feel relieved they stayed away from crypto, said Jared Gross.
cryptopotatoFormer traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
Cointelegraph