Bitcoin

JPMorgan Predicts Lower Demand for Ether (ETH) Spot ETFs Compared to Bitcoin (BTC) Counterparts

According to a report from a top crypto news site, the market’s initial response to the launch of spot ether ETFs is anticipated to be negative. Speculative investors who purchased the Grayscale Ethereum Trust (ETHE) with hopes of it transitioning into an ETF are expected to sell off their investments to secure profits. This could result in approximately $1 billion in outflows from ETHE, ultimately driving down the prices of ether.

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