🚀 JPMorgan Casts Doubt on Crypto Rally
posted 9 Nov 2023
They point to some key factors:
- They question whether there is genuinely new capital entering the crypto market or if existing capital is just shifting into the newly-approved ETFs.
- JPMorgan emphasize that spot bitcoin ETFs already exist in Canada and Europe but have attracted limited interest from investors since their launch.
- Additionally, despite the SEC’s losses in its legal battles with Ripple and Grayscale, the analysts remain uncertain about the possibility of future easing of crypto regulations.
More breaking news
