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JPMorgan Chase: Bitcoin ETF data is exaggerated and may face correction

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2024-06-14 14:46:58
On June 14, JPMorgan Chase said that the demand for spot bitcoin ETFs has been overstated by a factor of 2. They believe that not all inflows represent new money entering the crypto space, and said: "We believe that digital wallets on exchanges may have shifted significantly to new spot bitcoin ETFs, which have become the first choice for BTC investment."
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