JP Morgan Chase: Crypto market correction may be primarily due to retail selling of bitcoin and ethereum ETFs
2025-11-20 23:01:52
JPMorgan analysts say retail investors have sold about $4 billion of spot Bitcoin and Ethereum ETFs in November, a major driver of the recent correction in the cryptocurrency market. Meanwhile, retail investors are buying equity ETFs, adding about $96 billion this month, suggesting that the cryptocurrency sell-off is not part of a broader risk aversion.
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