JPMorgan Chase: After the approval of the spot Bitcoin ETF, the performance of listed mining companies may follow the market rise

JPMorgan Chase said in a research report on Thursday that after the spot Bitcoin ETF is approved, the performance of listed mining companies may follow the market's rise. JP Morgan, analysts Reginald Smith and Charles Pearce said it is unclear whether the approval of a spot Bitcoin ETF will ultimately spur further recent gains in Bitcoin and mining stocks, or whether investors will sell off the news, but it feels like mining is now Stocks should take a breather, with stock performance expected to track Bitcoin prices in the coming weeks. The two also pointed out that Bitcoin mining stocks have risen sharply in the past three months, and as of yesterday, the total market capitalization of the 14 U.S.-listed miners covered was close to $17 billion, an increase of 131% from the end of September 71. (CoinDesk)