Bitcoin Mining Stocks Set for Potential Respite Post Spot ETF Approval, JPMorgan Predicts
In the aftermath of the SEC's approval of U.S.-listed spot Bitcoin ETFs, JPMorgan anticipates a potential breather for Bitcoin mining stocks. Despite uncertainty, the bank views any sell-off as a buying opportunity, emphasizing that the ETF's approval does not directly impact mining economics. Iris Energy (IREN) is identified as JPMorgan's preferred value stock in this evolving landscape.
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