JP Morgan: Bitcoin Fails to Benefit from Gold-Backed Safe-haven Flows
2025-04-17 11:16:30
JPMorgan analysts say safe-haven demand is boosting gold, but bitcoin is missing out. Gold is attracting inflows from exchange-traded funds (ETFs) and futures markets, driven by investors' search for safety amid macro uncertainty, analysts such as JPMorgan managing director Nikolaos Panigirtzoglou wrote. Gold, on the other hand, is lagging behind, with futures speculation interest falling and ETF money flowing out for three straight months.
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