Ethereum

Bitcoin

While spot Bitcoin and Ethereum ETFs mark a significant milestone for the cryptocurrency market, JP Morgan said that EThereum failed to meet expectations against Bitcoin. 
JP Morgan said that spot ETH ETFs failed to meet expectations against Bitcoin, Coindesk reported. 
Noting that Ethereum ETFs have seen an outflow of $500 million since their launch, JP Morgan analysts stated that spot Bitcoin ETFs launched earlier in the year were more successful. 
At this point, analysts added that BTC ETFs have seen net inflows of over $5 billion. 
Noting that Bitcoin has the advantage of being a pioneer, analysts said that ETH ETFs have underperformed because the lack of staking and low liquidity make them less attractive to institutional investors. 
The bank also stated that they did not expect an outflow of $2.5 billion from Grayscale's Ethereum Trust (ETHE), “We had estimated that this would be close to $1 billion since it was converted from a closed-end fund to a spot ETF, but we were wrong. The unexpected outflows of $2.5 billion further affected the market. Grayscale also launched a mini ETH ETF to cover the outflows from ETHE, but this ETF only saw an inflow of $200 million and fell short of expectations.” 
Analysts led by Nikolaos Panigirtzoglou said: 
<blockquote> 
 “Given the weak demand for spot Ethereum ETFs compared to Bitcoin, there appears to be increasing interest among asset managers in launching a combined ETF offering exposure to Bitcoin and Ethereum.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-and-ethereum-report-from-jp-morgan-eth-lags-behind-heres-why/">Bitcoin (BTC) and Ethereum Report from JP Morgan! "ETH Lags Behind!" Here's Why!</a>

Bitcoin (BTC) and Ethereum Report from JP Morgan! "ETH Lags Behind!" Here's Why!

Bitcoin Sistemi EN

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