{"id":34524,"date":"2021-01-11T16:02:46","date_gmt":"2021-01-11T14:02:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34524"},"modified":"2025-08-28T21:00:06","modified_gmt":"2025-08-28T18:00:06","slug":"jpmorgan-explains-how-the-launch-of-a-bitcoin-etf-could-affect-bitcoins-price","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-explains-how-the-launch-of-a-bitcoin-etf-could-affect-bitcoins-price\/","title":{"rendered":"JPMorgan explains how the launch of a Bitcoin ETF could affect Bitcoin&#8217;s price."},"content":{"rendered":"<p>JPMorgan strategists expect that US approval of a Bitcoin ETF would weigh on the price of the leading cryptocurrency in the near term, according to <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-11\/jpmorgan-says-u-s-approval-of-etf-could-hurt-bitcoin-near-term?utm_content=crypto&#038;utm_campaign=socialflow-organic&#038;utm_source=twitter&#038;utm_medium=social&#038;sref=AACmJ2tc\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Bloomberg<\/a>.<!--more--><\/p>\n<p>According to the firm, competition from ETFs will trigger outflows from Grayscale&#8217;s GBTC trust and undermine its monopoly. This would weigh on bitcoin&#8217;s price, JPMorgan said.<\/p>\n<blockquote>\n<p>\u201cA cascade of outflows from GBTC and a narrowing premium [on the secondary markets] will have negative near-term consequences for bitcoin,\u201d the experts said.<\/p>\n<\/blockquote>\n<p>In the longer term, the launch of a Bitcoin ETF is a positive development for the market, the analysts added.<\/p>\n<p>Some observers reckon that, with a change in leadership at the US Securities and Exchange Commission (SEC), the odds of approving a Bitcoin ETF will rise.<\/p>\n<p>Earlier, JPMorgan forecast <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-forecasts-bitcoin-at-146000\">Bitcoin to $146,000<\/a>.<\/p>\n<p>As of writing, the SEC was reviewing <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-submits-new-filing-to-launch-bitcoin-etf\">VanEck&#8217;s bid to launch a Bitcoin ETF<\/a>. The asset manager, which manages $49 billion in assets, had previously filed similar applications twice, but withdrew them on each occasion as the regulator refused to approve. The last time this occurred was in September 2019.<\/p>\n<p>The Commission rejected Wilshire Phoenix&#8217;s previous active application to launch a Bitcoin ETF in February 2020.<\/p>\n<p>Bitwise, which had also sought regulatory approval to launch an ETF based on the leading cryptocurrency, withdrew the proposal in January 2020.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan strategists expect that US approval of a Bitcoin ETF would weigh on the price of the leading cryptocurrency in the near term, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":34525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[229,1138,1211],"class_list":["post-34524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-jpmorgan","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34524"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34524\/revisions"}],"predecessor-version":[{"id":34526,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34524\/revisions\/34526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34525"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}