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Due to such factors as cost effectiveness, regulatory protection, and deeper liquidity, Bitcoin ETFs have now emerged as the preferred instrument for getting Bitcoin exposure. JPMorgan has stated that the majority of the $25 billion worth of ETF inflows recorded since the start of their trading in January actually represent a rotation from existing digital wallets in a major blow to the dominant bullish narrative about significant institutional demand. On top of that, JPMorgan has noted that Bitcoin prices are high relative to the production cost of the leading cryptocurrency, which is why the banking giant does not anticipate substantial inflows in the coming months.
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