JPMorgan Chase questions sustainability of $12 billion crypto inflows
Odaily2024/06/17 23:39
By:Odaily
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Odaily News JPMorgan analysts raised questions about the sustainability of the $12 billion inflows into crypto assets so far this year. They noted that while much of the money has moved through spot
Bitcoin exchange-traded funds (ETFs), they are skeptical about the sustainability of inflows given the current
high price of Bitcoin relative to production costs and gold. While annualized net inflows could reach $26 billion based on this trend, analysts remain skeptical, in line with their early concerns about the impact of spot
Bitcoin ETF approval on attracting new capital into the crypto space.
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