The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » JPMorgan Claims Inflation Worries, not ETFs, Pushing Up Bitcoin Price
    Crypto News

    JPMorgan Claims Inflation Worries, not ETFs, Pushing Up Bitcoin Price

    October 21, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Bitcoin ETF, Exchange traded fund and cryptocurrencies concept on virtual screen
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    JPMorgan Chase strategists believe the main driver behind the Bitcoin price jump is inventor concern over inflation rather than the launch of ProShares’ Bitcoin Strategy ETF.

    • In a note, JPMorgan strategists stated that the BITO launch that recorded the highest-ever first-day natural volume for an ETF is “unlikely to trigger a new phase of significantly more fresh capital entering Bitcoin.”
    • JPMorgan stated gold failed to respond to the concerns over increasing cost pressures in the last couple of weeks.
    • Bitcoin’s renewed role as a better hedge against inflation in the eyes of investors is the key driver for the current bull run.
    • The team indicated that the shift away from gold ETFs into Bitcoin funds has been gathering momentum since September and “supports a bullish outlook for Bitcoin into year-end.”

    As the first Bitcoin futures-linked ETF in the United States, ProShares’ Bitcoin Strategy ETF started trading on the NYSE on Tuesday at an opening price of $40 per share.

    BTC USD down -1.84%

    Source: CoinTelegraph

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    crypto crypto ETF
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Bitcoin dips

    Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’

    June 29, 2022
    Crypto disaster

    Crypto Disaster Drags Providing Returns From 25,000% to Nearly No

    June 27, 2022
    XRP leads

    XRP Leads Crypto Majors Recuperation, Bitcoin Rises Over $21K as Rate-Hike Issues Subside

    June 24, 2022
    SEC chair looks for a unified crypto

    SEC Chair Looks for a Unified Crypto ‘Guideline Book’ to Stay Clear of Fragmented Regulation

    June 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      +  44  =  51

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.