According to Odaily, JPMorgan analysts raised questions about the sustainability of the $12 billion that has flowed into crypto assets so far this year. They noted that although most of the funds have been transferred via bitcoin spot exchange-traded funds (ETFs), they remain skeptical about the sustainability of the inflow given the current high price of bitcoin compared to its production costs and gold.
Although the trend suggests that the annual net inflow could reach 26 billion dollars, analysts continue to harbor doubts. This skepticism is in line with their earlier concerns regarding the approval of Bitcoin spot ETFs, which attract new capital to the crypto space.
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