JPMorgan Casts Doubt on Crypto Rally
They point to some key factors: 1. They question whether there is genuinely new capital entering the crypto market or if existing capital is just shifting into the newly-approved ETFs.
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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.
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