Bitcoin May See More Support Than Gold As ETF Coverage Eases: JPMorgan
JPMorgan analysts led by Nikolaos Panigirtzoglou said in a note this week that Bitcoin (BTC) could benefit from more price support than gold if demand for coverage in the ETF market eases, with short interest in BlackRock’s iShares Bitcoin Trust (IBIT) hovering near its highest level of the year. IBIT’s put-to-call open interest ratio is … Read more