JPMorgan Chase questions the sustainability of $12 billion inflow into cryptocurrency
JPMorgan analysts have raised questions about the sustainability of the $12 billion that has flowed into crypto assets so far this year. They pointed out that although most of the funds were transferred through spot Bitcoin exchange-traded funds (ETFs), they are skeptical about the continuity of fund inflows given the current high price of Bitcoin relative to its production cost and gold. Despite this trend, which could lead to an annual net inflow of $26 billion, analysts remain doubtful. This aligns with their early concerns about whether approval for spot Bitcoin ETFs would attract new capital into the crypto field.
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.
You may also like
Innovative Drug Export: Why Is This Window Two Weeks Later So Important?
Why did India suddenly make massive purchases of US Treasuries? July net purchase hit a record $15.2 billion, with a special swap mechanism as the key factor
Benefiting from a special arrangement by the Reserve Bank of India to attract overseas capital, India purchased a record amount of US Treasury bonds in July due to large capital inflows.
Japanese banking industry warns: rising Japanese bond yields may trigger writedowns and profit shocks
Japanese government bond yields may continue to rise, putting banks at risk of asset write-downs and profit losses.
Strategy Buys STRC Shares After Steep Selloff
Crypto prices
More
