U.S. spot Bitcoin exchange-traded funds (ETFs) took in $524.8 million on Wednesday, completing a three-day inflow streak totalling roughly $1.07 billion and flipping October’s net flows positive by about $460 million. The rebound follows two weeks of steep outflows and comes as J.P. Morgan Asset Management issued its first long-term Bitcoin forecast, projecting a 10% compound annual return over 10 to 15 years while cautioning about 55% volatility.
company
J.P. Morgan Asset Management
Investment management arm of US bank J.P. Morgan