Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC

by Aurelia Butler 3 February 2021, 20:00 169 Views

The crux of JPMorgan’s argument is that a new institutional-grade ETF would introduce competition for Grayscale Bitcoin Trust, or GBTC, which has amassed over $22 billion in assets under management. The bank’s strategists say that the new ETF could lead to a cascade of GBTC outflows and cut into the premium.

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Source: Cryptocurrency - investing.com

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Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC

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