JPMorgan says bitcoin and gold ETF outflows point to ‘cooling’ debasement trade amid hopes for Iran-US deal
Hex37's read
- Bitcoin and gold ETFs experienced outflows recently.
- JPMorgan attributes this to a cooling 'debasement trade'.
- Hopes for a US-Iran deal may be influencing market sentiment.
What it means for traders
- Decreased ETF inflows could signal reduced institutional interest in BTC as an inflation hedge.
- The 'debasement trade' cooling suggests a shift away from safe-haven assets like gold and BTC.
Affected markets
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