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ETF approval may boost Bitcoin’s liquidity, but it won’t be a game changer — JPMorgan
© Reuters.
A possible approval of a spot exchange-traded fund (ETF) won’t be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan (NYSE:) managing director Nikolaos Panigirtzoglou.
Based in London, Panigirtzoglou is part of JPMorgan’s global market strategy team. He believes that a Bitcoin (BTC) ETF in the United States would have a similar impact as those seen in Canada and Europe, where spot Bitcoin ETFs have been around for some time.
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