JPMorgan: Bitcoin could get more support than gold as ETF hedges decline
- —JPMorgan compared the potential support for Bitcoin and gold through ETF flows
- —Condition is a reduction in investors' hedging positions in ETFs
- —Forecast given without specific figures or timelines
Why it matters: A signal from a major bank about a possible shift in demand toward BTC ETFs in favor of Bitcoin over gold.
Source: The Block