JP Morgan: Bitcoin ETF price and flow correlation are declining
The correlation was as high as 0.84 in January, according to JPMorgan estimates, but has slowed since then.
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The correlation was as high as 0.84 in January, according to JPMorgan estimates, but has slowed since then.
With the rapid development of technology and the changing geopolitical landscape, the global financial system is at a crossroads.
The bank said that U.S. monetary policy coupled with economic sanctions has forced some countries to look for alternatives to the U.S. dollar, and the growth of stablecoins may have emphasized the need for fiat currencies.
Morgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
The Ethereum blockchain has become more centralized following the shift to proof-of-stake as 60% of validators are managed by only four companies, the report said.
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
A new report from Morgan Stanley has revealed that if Ethereum switches to a proof-of-stake (PoS) consensus as planned, it ...
The ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
As of September 30, Morgan Stanley's three major funds held a total of approximately $303 million in Bitcoin exposure, holding 6,626,381 shares.
Morgan Stanley’s report reads: “Ethereum demand is more closely tied to transactions. Therefore, similar scaling restrictions hurt demand for Ethereum more than it dampens demand for Bitcoin.”