JPMorgan says crypto native investors likely behind recent market correction — TradingView News
The severe correction in crypto markets last week, which involved massive liquidations, was likely driven by crypto native investors rather than institutional or retail ETF holders, according to JPMorgan analysts.
The analysts, led by managing director Nikolaos Panigirtzoglou, said in a Thursday report that there was “little evidence” of significant liquidation in spot bitcoin exchange-traded funds, which are generally favored by traditional retail investors.
Between Oct. 10 and Oct. 14, bitcoin ETFs saw modest cumulative outflows of $220 million, or 0.14% of total assets under management, while Ethereum ETFs recorded a larger $370 million outflow, or 1.23% of AUM, the analysts noted.
Similarly, CME bitcoin futures — a key gauge of…
