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JPMorgan: Launching Bitcoin ETF in US Will Normalize Futures Market


JPMorgan: Launching Bitcoin ETF in US Will Normalize Futures Market
5 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
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JPMorgan says that the widening gap between the Bitcoin spot price and the futures price is an indication institutional investors are yet to fully access the cryptocurrency market.
As Bitcoin breaks above the $60k level comfortably, Basis trading continues to widen in most cryptocurrency exchanges. A new report by JPMorgan Chase & Co (NYSE: JPM) indicates the launch of Bitcoin exchange-traded funds (ETF) in the United States will be a key in normalizing the Bitcoin futures market. ....

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