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via The Block · By The Block Editorial

JPMorgan says bitcoin and gold ETF outflows point to 'cooling' debasement trade amid hopes for Iran-US deal

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The Block Editorial

(02:14 PM UTC)

1 min read

Updated byDavid Kim

1436 views

0 comments

Investors have been pulling money out of both bitcoin and gold exchange-traded funds over the past two weeks as the so-called debasement trade cools, according to JPMorgan analysts.

Bitcoin ETFs have seen larger outflows compared to gold ETFs, and these outflows appear more consistent with a broad retreat by investors from the debasement trade, potentially in anticipation of an Iran-U.S. deal…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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