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Grayscale sell-offs cooling down will ease the ‘downward pressure’ on Bitcoin, JPMorgan says

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Grayscale sell-offs cooling down will ease the ‘downward pressure’ on Bitcoin, JPMorgan says


Grayscale’s Bitcoin exchange-traded fund experienced another day of outflows on Wednesday, but the worst of the selling is likely over, according to JPMorgan analysts. Investors pulled around $425 million from GBTC on Wednesday, slightly less than the $515 million of outflows on Tuesday. It was…

#jpmorgan #gbtc #grayscale #blackrock #fidelity #fbitcoin #dlnews #adamdlnew

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