Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan

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<p>“If this $2.7b exits completely the bitcoin space then such an outflow would of course put severe downward pressure on bitcoin prices,” the authors wrote. “If instead most of this $2.7b shift into other bitcoin instruments such as the newly created spot bitcoin ETFs post SEC approval, which is our best guess, then any negative market impact would be more modest.”</p>
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<br /><a href="https://www.coindesk.com/markets/2023/11/24/grayscale-bitcoin-trust-could-see-27b-of-outflows-if-etf-conversion-is-approved-jpmorgan/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">Source link </a></p><p>The post <a href="https://forextraderhub.com/grayscale-bitcoin-trust-could-see-2-7b-of-outflows-if-etf-conversion-is-approved-jpmorgan.html">Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>