JP Morgan does not believe that the Bitcoin ETF will change the rules of the game.

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BlackRocks Antrag auf einen Bitcoin-ETF im letzten Monat hat den Kryptomarkt in Euphorie versetzt und zu einem Anstieg des Bitcoin-Kurses auf 31.000 $ geführt. Infolgedessen haben auch andere große Akteure wie Fidelity und WisdomTree ihre Anträge bei der US-Börsenaufsicht SEC eingereicht. Diese Entwicklungen haben den Markt recht optimistisch gestimmt. Doch der Bankenriese JPMorgan ist anderer Meinung und glaubt nicht, dass dies große Auswirkungen auf den Kryptomarkt haben wird. In einem Analyse-Bericht, der CoinDesk zur Verfügung steht, nennt JPMorgan eine Reihe von Gründen für diese Einschätzung. Ein Grund ist, dass die SEC zuerst einen ETF für Spot-Bitcoin genehmigen muss. In der …
Blackrock's application for a Bitcoin ETF in the last month moved the cryptom market in euphoria and led to an increase in Bitcoin course to $ 31,000. As a result, other large players such as Fidelity and Wisdomtree also submitted their applications to the US stock exchange supervision SEC. These developments made the market in a very optimistic manner. But the Bankenriese JPmorgan disagrees and does not believe that this will have a major impact on the cryptom market. In an analysis report that is available Coindesk, JPMorgan gives a number of reasons for this assessment. One reason is that the SEC first has to approve an ETF for spot bitcoin. In the … (Symbolbild/KNAT)

Blackrock's application for a Bitcoin ETF in the last month moved the cryptom market in euphoria and led to an increase in Bitcoin course to $ 31,000. As a result, other large players such as Fidelity and Wisdomtree also submitted their applications to the US stock exchange supervision SEC. These developments made the market in a very optimistic manner. But the Bankenriese JPmorgan disagrees and does not believe that this will have a major impact on the cryptom market. In an analysis report that is available Coindesk, JPMorgan gives a number of reasons for this assessment.

A reason is that the SEC must first approved an ETF for spot bitcoin. In the past, the U.S. Waterpapier supervisory authority has rejected a number of applications for the Bitcoin Spot ETF. Nevertheless, investors are optimistic that the earlier concerns of the SEC were cleared this time, according to JPMorgan.

jpmorgan finds that Spot-Bitcoin ETFs outside the USA, Canada and Europe have been in existence for some time, but have not so much interest in investors.

The report also emphasizes that Spot-Bitcoin ETFs will finally replace Futures-Bitcoin ETFs. Spot ETFs reflect supply and demand in real time and would bring more liquidity and price transparency to the spot bitcoin markets by approval in the USA.

physically underlaid Bitcoin ETFs offer certain advantages over futures-based funds, although these are relatively low. With spot ETFs, investors can invest more easily and safely in Bitcoin, as they eliminate the complexity of the custody, BTC transfers and the basic risk in futures-based products.

According to the report, the middle flow to the Bitcoin fund has so far been quite slow. Bitcoin funds, including futures-based and physically underlaid funds, have had little interest from investors since the second quarter of 2021 and did not benefit from the drains of investors from gold ETFs last year.

In summary, JPMorgan does not believe that the application for Bitcoin ETFs by large actors such as Blackrock, Fidelity and Wisdomtree will significantly influence the cryptom market. The decision of the SEC via a spot bitcoin ETF is still pending, and although physically undermined ETFs offer certain advantages, the investor interest has so far been rather low. It remains to be seen how these developments will affect the cryptoma market in the long term.

Note: This article does not claim to be topical or complete. The information mentioned is based exclusively on the sources specified in the text. Cryptoinvestitations pose risks.