JPMorgan Chase: The cryptocurrency outflow wave has passed, and net inflows are expected to reach $8 billion this year

Odaily News A recent research report published by JPMorgan Chase even stated that the cryptocurrency clearing wave that has crushed the market for months has passed, and it is believed that the net inflow of funds into the cryptocurrency market this year will reach US$8 billion, and Bitcoin will rise again in August this year. Elvis, an insider in the cryptocurrency industry, also said that there are indeed some optimistic signals recently, including that Bitcoin mining companies have actually reduced their selling in the past month, and US spot ETFs have also seen a resumption of net inflows. Bitcoin prices began to rebound last week. Yesterday, all cryptocurrency ETFs listed in Hong Kong performed well. Bosera Bitcoin rose 10.4% to 49.1 yuan; Harvest Bitcoin rose 10.2% to 7.88 yuan; FA Samsung Bitcoin (03135) rose 10.2% to 23.4 yuan; FA Southern Bitcoin (03066) rose 10.5% to 23.9 yuan. (Ta Kung Pao)