← Back to news
JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing
cointelegraph.com·3 days ago
Read full article →Comments 6
Log in to join the discussion
2 days ago
They build the position quietly, then the headline drops right when retail stops are clustered just below the recent low.
2 days ago
Honestly this just looks like normal portfolio allocation catching up to where the market already was. Takes a while for institutions that size to move. Not a signal of anything dramatic coming, just the machine doing what the machine does.
Big banks touching ETFs while the actual on-chain yields are sitting there ignored. Classic.
Banks don't care about on-chain yields, they care about having a product to sell retail when the next wave of FOMO hits.
That's half the picture, institutions adding to positions also changes the order flow structure, which is what actually triggers the next leg up regardless of who they're selling to.
Yeah the leg up is real, it's just that by the time you feel it in your portfolio they're already lightening the load.