The bank says about $3b could exit the Grayscale Bitcoin Trust (GBTC) and migrate to the new spot ETFs as a result of investors taking profit after buying discounted GBTC shares in the secondary market in the last year. It also sees up to $20b from retail investors migrating from digital wallets held at crypto exchanges to the new ETFs.
| less than a minute read
JPMorgan sees significant capital from existing crypto products pouring into new spot bitcoin ETFs
“A lot more capital, perhaps an additional $5b-$10b could exit GBTC relatively quickly to migrate towards cheaper spot bitcoin ETFs.”
