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TechFlow news: In a research report on Thursday, JPMorgan stated that institutional and individual investors have been buying both gold and bitcoin (BTC) this year, rather than switching between the two as some analysts have suggested.
The report noted that while gold exchange-traded funds (ETFs) have seen outflows, bitcoin ETFs have continued to attract inflows, but it disagrees with the view that investors are shifting from gold to cryptocurrencies.
JPMorgan stated in a research report on Thursday that institutional and individual investors have been buying both gold and bitcoin (BTC) this year, rather than shifting from one to the other as some analysts have suggested. The report noted that while gold exchange-traded funds (ETFs) have seen outflows, bitcoin ETFs have continued to attract inflows, but it disagrees with the view that investors are rotating out of gold into cryptocurrencies.
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