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

日期：2024-03-23 点击数：

JPMorgan Chase believes that it is misleading to only look at the flow of ETFs to infer the Bitcoin market and investment direction. Its latest research data shows that since the beginning of 2024, Bitcoin fund inflows have reached 10.6 billion U.S. dollars, but physical gold ETFs have outflowed 76 billion U.S. dollars. billion, but this phenomenon does not account for money transfers. JPMorgan Chase 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 estimate underestimates individuals and private investors. Investors were buying gold in the form of bars and coins while overestimating their Bitcoin purchases.

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