ETF approval might increase Bitcoin’s liquidity, but it surely gained't be a recreation changer — JPMorgan

A doable approval of a spot exchange-traded fund (ETF) gained’t be a recreation changer for crypto markets, though it would profit the main cryptocurrency, based on a report by JPMorgan (NYSE:) managing director Nikolaos Panigirtzoglou.

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

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