Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan


While a bitcoin exchange-traded fund (ETF) would certainly be a long-lasting favorable, in the short-term it could hurt the price of the leading cryptocurrency as it would certainly attract institutional cash from the Grayscale Bitcoin Trust (GBTC), presently the only method for some on Wall Street to obtain direct exposure to bitcoin, JPMorgan experts composed in a record.