Global investment bank #JPMorgan has cautioned that the approval of Spot Bitcoin Exchange Traded Funds ( #ETF's) by the US Securities and Exchange Commission ( #SEC) could "put severe downtrend pressure on Bitcoin prices".
The bank's Analyst estimate that Billions of dollars could exit from the crypto market after #Grayscale Investments converts it's Bitcoin Trust #GBTC into a Spot Bitcoin ETF.
JP Morgan is known to manipulate the news cycle for their own personal gains.