Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC

From cointelegraph.com

Strategists at JPMorgan Chase caused quite the stir in January when they informed clients that the approval of a Bitcoin (BTC) exchange-traded fund, or ETF, would be a short-term headwind for the digital asset. A U.K.-based cryptocurrency hedge fund manager is attempting to pour cold water on those claims, asserting that JPMorgan’s analysis isn’t based on quantitative analysis or in-depth research. The crux of JPMorgan’s argument is that a new institutional-grade ETF would introduce competition for the Grayscale Bitcoin Trust, or GBTC, which has amassed over $22 billion in assets under management. The bank’s ... (full story)