Bitcoin ETF Price/Flow Correlation is Declining: JPMorgan
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.
JPMorgan
Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said.
JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.
Crypto Market Maker GSR Appoints Former JPMorgan Executive as Head of Trading
The new hire happens as digital asset markets are maturing and have become increasingly intertwined with traditional finance.
Grayscale’s GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.
No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
Jamie Dimon Bashes Bitcoin Again: ‘A Pet Rock’
The JPMorgan CEO said this will be the last time he airs his opinion on bitcoin.
JPMorgan CEO’s Bitcoin Bashing Is a ‘Do as I Say, Not as I Do’ Situation
Jamie Dimon’s bank agreed to play a key role with BlackRock’s proposed bitcoin ETF, just weeks after he told U.S. senators: “I’ve always been deeply opposed to crypto, bitcoin, etc.”
JPMorgan Adds Programmable Payments to JPM Coin
Previously clients would need to set standing orders for payments to take place at a particular time; now they can program them to kick in when the relevant criteria are met.
JPMorgan Handles $1B Transactions Daily In Digital Token JPM Coin: Bloomberg
JPMorgan has plans to widen the coin’s usage the bank’s head of payments Takis Georgakopoulos said in an interview.