JPMorgan Explains How Bitcoin Could Get More Support Than Gold

1 day ago 3

Rommie Analytics

JPMorgan says Bitcoin could receive more support than gold if ETF investors remove bearish hedges while keeping their underlying fund exposure. The idea is about how investors are positioned inside the two ETF markets, not a forecast that Bitcoin will replace gold in portfolios.

Key Takeaways

JPMorgan links Bitcoin support to hedge unwinds.
August Bitcoin ETF inflows were uneven.
Closing a short differs from new buying.
Earlier data showed heavier Bitcoin ETF protection.
Yields and the dollar remain important.

Bitcoin ETF inflows returned, but not in a straight line

JPMorgan analysts led by Nikolaos Panigirtzoglou said in a note, Read Entire Article

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