ETF approval could increase Bitcoin’s liquidity, but it surely received't be a sport changer — JPMorgan

A attainable approval of a spot exchange-traded fund (ETF) received’t be a sport changer for crypto markets, though it would profit the main cryptocurrency, in accordance with a report by JPMorgan (NYSE:) managing director Nikolaos Panigirtzoglou.

Based mostly in London, Panigirtzoglou is a part of JPMorgan’s international market technique group. He believes {that a} Bitcoin (BTC) ETF in america would have an analogous impression as these seen in Canada and Europe, the place spot Bitcoin ETFs have been round for a while.

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