JPMorgan Transformation from GBTC to ETF to Trigger Outflow of 27 Billion Pounds Beware of Market Downturn Risks

J.P. Morgan analysts in their latest report pointed out this phenomenon and examined the inflow of funds into GBTC since 2023 to calculate the value of shares that may be sold during the conversion. Analyst Nikolaos Panigirtzoglou found, after considering parameters such as daily price changes and trading volume of Bitcoin from the beginning of the year until now, that…