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Grayscale Bitcoin Belief Might See $2.7B of Outflows if ETF Conversion Is Permitted: JPMorgan

by SB Crypto Guru News
November 25, 2023
in Crypto Updates
Reading Time: 1 min read
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“If this $2.7b exits fully the bitcoin house then such an outflow would after all put extreme downward stress on bitcoin costs,” the authors wrote. “If as a substitute most of this $2.7b shift into different bitcoin devices such because the newly created spot bitcoin ETFs put up SEC approval, which is our greatest guess, then any destructive market influence could be extra modest.”



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Tags: 2.7BApprovedBitcoinBitcoin NewsConversionCrypto NewsCrypto UpdatesETFGrayscaleJPMorganLatest News on CryptoOutflowsSB Crypto Guru NewsTrust
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