jpmorgan, pressure, downward,

JPMorgan: Spot Bitcoin ETFs Could Put 'Severe Downward Pressure on Bitcoin Prices'

Nov 27, 2023 · 1 min read · 180 points
JPMorgan: Spot Bitcoin ETFs Could Put 'Severe Downward Pressure on Bitcoin Prices'
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JPMorgan has cautioned that the approval of spot bitcoin ETFs by the SEC could "put severe downward pressure on bitcoin prices."

Highlights

  • JPMorgan: Approval of spot bitcoin ETFs by SEC could “put severe downward pressure on bitcoin prices” JPMorgan has cautioned that approval of spot Bitcoin ETFs could put “severe downward pressure” on Bitcoin prices.
  • The SEC is set to approve spot bitcoin bitcoin exchange-traded funds by the end of the year.
  • The market is expected to be a volatile market volatility of $1,000 per cent in the next 24 hours, according to the latest report by the New York Mercantrile, a specialist at JPMorgan Chase Chase.
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