Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan

 Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan


Whereas a bitcoin exchange-traded fund (ETF) can be a long-term constructive, within the brief time period it might damage the value of the main cryptocurrency as it could draw institutional cash from the Grayscale Bitcoin Belief (GBTC), at present the one manner for some on Wall Road to realize publicity to bitcoin, JPMorgan analysts wrote in a report.



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