JPMorgan Chase: Looking only at ETF flows to infer the Bitcoin market and investment direction is misleading

Bitget App

Trade smarter

Cointime2024/03/23 03:43

By:Cointime

JPMorgan believes that using ETF flows alone to infer the direction of the Bitcoin market and investment is misleading. Its latest research report shows that from early 2024 to now, Bitcoin fund inflows have reached 10.6 billion US dollars, while physical gold ETF outflows have reached 7.6 billion US dollars. However, this phenomenon does not necessarily indicate a transfer of funds. JPMorgan pointed out that the outflow of gold ETFs is mainly due to individual investors buying gold bars, while the growth of Bitcoin ETFs is mainly due to investors transferring funds from their original Bitcoin wallets. This underestimates the amount of gold purchased by individual and private investors in the form of gold bars and coins, while overestimating their Bitcoin purchases.

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Best cryptos for beginners? BTFD Coin offers a 100% bonus, while Shiba Inu and Pepe dominate trading volumes. Don’t miss out!BTFD Coin: The Bulls Squad Is Your Ticket to 3650% GainsShiba Inu: The OG Meme Coin Still Going StrongPepe: The Meme That Became a Trading Volume MonsterHow to Claim the LAUNCH100 Bonus Code on $BTFDFinal Thoughts: Don’t Sleep on BTFD Coin’s Presale

Coinomedia•2025/03/01 10:44

Vitalik Buterin: AI Needs Human Steering and Blockchain Support

Vitalik Buterin highlights the need for human-guided AI and blockchain's role in ensuring decentralized decision-making.AI as a Tool, Not an Autonomous ForceThe Role of Blockchain in AI GovernanceEnsuring Transparency and Ethical AI

Coinomedia•2025/03/01 10:44