JPMorgan Chase questions sustainability of $12 billion crypto inflows
Odaily2024/06/17 23:39
By:Odaily
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.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Announcement•2025/11/28 09:06
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Bitget Announcement•2025/11/27 08:19
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Announcement•2025/11/27 04:40
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Announcement•2025/11/27 03:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$90,940.6
-0.62%
Ethereum
ETH
$3,002.33
-1.06%
Tether USDt
USDT
$1
+0.00%
XRP
XRP
$2.21
+0.20%
BNB
BNB
$880.58
-1.03%
Solana
SOL
$137.43
-1.43%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.2818
+0.51%
Dogecoin
DOGE
$0.1490
-1.66%
Cardano
ADA
$0.4189
-1.65%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now