JPMorgan Predicts Limited Impact of Spot Bitcoin ETFs on Cryptocurrency Market

One of the world’s largest investment banks, JPMorgan, proposed in a research report published on July 6 that the approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) may not be a game-changer for the cryptocurrency market due to several reasons. Spot Bitcoin ETFs Attract Less Attention than Expected, According to JPMorgan The banking giant JPMorgan noted that optimism is quite high that the regulator will approve a spot Bitcoin ETF application, despite the SEC not yet giving the green light. According to JPMorgan, this optimism is based on the assumption that some of the concerns the US regulatory body previously had have been addressed in recent applications. JPMorgan analysts, led by Nikolaos Panigirtzoglou, claimed that a spot Bitcoin ETF launched in the US might not receive the expected investor interest. “Spot Bitcoin ETFs are accessible in many places outside the US, including […] The post JPMorgan Predicts Limited Impact of Spot Bitcoin ETFs on Cryptocurrency Market appeared first on COINTURK NEWS.