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Institutional Investors Drive $12 Billion Net Inflow into Bitcoin ETFs, Reports JPMorgan

Institutional Investors Drive $12 Billion Net Inflow into Bitcoin ETFs, Reports JPMorgan


CoinOtag
2024-06-14 01:15:51

JPMorgan has recently reported significant net inflows into the cryptocurrency market, totaling $12 billion year-to-date. However, this influx may not be as substantial as it initially appears, with the funds potentially rotating into newly launched spot Bitcoin ETFs. Analyst Nikolaos Panigirtzoglou noted a decrease in Bitcoin reserves across spot exchanges since the ETFs’ introduction, suggesting


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