JPMorgan: "BTC Spot ETFs Could See Up to $36 Billion in Inflows... Not Massive".

According to The Block, JPMorgan has released a report stating that "the launch of a bitcoin spot ETF could attract up to $36 billion in inflows. It's not that big." "There is widespread optimism that the launch of a bitcoin spot ETF will result in a massive influx of new money into the crypto space," the report said. "We are skeptical of this optimism and believe that the amount of new capital flowing into the crypto space will be determined by regulators. Regulators will determine how much of the existing financial system cryptocurrencies will occupy, and how much they will be allowed to occupy. Fees and liquidity will also play a key role in determining how much new capital will flow."

Meanwhile, James Seyffart, a Bloomberg ETF analyst, shared volume data from the first day of trading for bitcoin spot ETFs on X. The products totaled $4.6 billion in volume. The products totaled $4.6 billion in volume, with Grayscale's GBTC seeing the most volume at $2.1 billion. BlackRock's IBIT had $1 billion and Fidelity's FBTC had $710 million.