JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]