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Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan

January 9, 2021
in Market
Reading Time: 1min read
Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan


While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall Street to gain exposure to bitcoin, JPMorgan analysts wrote in a report.



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Tags: BitcoinETFHurtJPMorganLongDesiredPriceshortTerm
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