Retail investors selling off cryptocurrencies alongside other headwinds is keeping J.P. Morgan cautious toward the market. Bitcoin (BTC-USD) finished sharply lower in April, sinking 15% for the first monthly loss since August 2023. “The past two weeks saw significant selling/profit taking with perhaps retail investors playing a bigger role than institutional investors,” strategists led by Nikolaos Panigirtzoglou wrote in a Thursday note. Spot bitcoin ETFs logged outflows in April and retail investors appeared to have sold both crypto and equity assets during last month’s trade, the firm said. Some bitcoin ETFs to watch are Grayscale Bitcoin Trust (GBTC), BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC).

저작권자 © 블록체인투데이 무단전재 및 재배포 금지

• 기사공유하기

블록체인투데이 다른기사 보기