Grayscale Bitcoin Have faith in Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan

“If this $2.7b exits wholly the bitcoin place then these an outflow would of course put significant downward tension on bitcoin price ranges,” the authors wrote. “If instead most of this $2.7b shift into other bitcoin devices these as the recently produced spot bitcoin ETFs write-up SEC approval, which is our ideal guess, then any damaging current market effects would be additional modest.”