Bitcoin

Billion

Spot

<p>The post <a href="https://coinpedia.org/crypto-live-news/jpmorgan-sees-significant-rotation-away-from-digital-wallets-to-btc-etfs-as-crypto-markets-see-12b-net-inflows/" rel="noopener noreferrer nofollow">JPMorgan Sees Significant Rotation Away From Digital Wallets To BTC ETFs As Crypto Markets See $12B Net Inflows</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>While the crypto markets saw $12 billion Net inflows this year, JP Morgan stated that the majority of $16 Billion inflows in Spot Bitcoin ETFs came from existing digital wallets on exchanges and is skeptical that the pace of inflows will continue for the rest of the year. Analysts believe there has been a significant rotation away from digital wallets on exchanges to the new spot bitcoin ETFs as evidenced by the drop in bitcoin reserves across exchanges since the launch of spot ETFs in January. If the digital assets net inflows continue at the same pace, it could grow to $26 billion at the end of the year.</p>

JPMorgan Sees Significant Rotation Away From Digital Wallets To BTC ETFs As Crypto Markets See $12B Net Inflows

CoinPedia News

Other articles published on Jun 14, 2024

AVAX consolidates: Checking potential moves beyond $30 support level

Kadena Announces Partnership with Lurk Lab to Build ZK Bridge

Tesla Investors Sue Musk Over Diverting Opportunities Away

Crypto Community Divided Over Crenshaw’s Return to SEC

Taiwan Forms Official Crypto Association To Regulate Crypto Sector

Top Highlights on Crypto: BlockDAG Targets $30 by 2030, Overshadowing BNB's Record Prices and Sol...

Join our free newsletter for daily crypto updates!