JP Morgan Predicts Retail Demand for Bitcoin and Gold ETFs Could Rise if Trump Wins

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JP Morgan Predicts Retail Demand for Bitcoin and Gold ETFs Could Rise if Trump Wins As the U.S.election approaches, JP Morgan analysts have issued a forecast suggesting that a victory for former President Donald Trump could significantly boost retail interest in Bitcoin and gold ETFs.

If the political landscape aligns with JP Morgan’s predictions, we can expect sustained growth in retail investments into Bitcoin and gold ETFs.

According to The Block, recent trends show substantial retail-driven inflows, with $1.3 billion funneled into spot Bitcoin ETFs over the past two days, while institutional activity in Bitcoin and gold futures has notably slowed.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: JP Morgan Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 15:36:13 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 920 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23351131

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 10 hours ago

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