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JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

Started by Bitcoin, Jun 18, 2024, 05:25 am

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JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

Byte-sized news on the latest topics relating to crypto and technology.JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]

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