TechBitcoin’s prospects relative to gold if ETF hedging eases
Crypto.news reports that JPMorgan sees room for Bitcoin to gain support relative to gold if ETF hedging eases. The bank points to elevated short interest and put options around BlackRock’s IBIT.
TLDR
Crypto.news reports that JPMorgan sees a contrast in hedging activity: short interest and put options around BlackRock’s IBIT remain elevated, while gold ETF hedging is below its historical average. The bank says this leaves more room for Bitcoin demand to recover, potentially giving Bitcoin more support relative to gold if ETF hedging starts to ease.
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Bitcoin’s prospects relative to gold if ETF hedging eases
Crypto.news reports that JPMorgan sees room for Bitcoin to gain support relative to gold if ETF hedging eases. The bank points to elevated short interest and put options around BlackRock’s IBIT.
TLDR
Crypto.news reports that JPMorgan sees a contrast in hedging activity: short interest and put options around BlackRock’s IBIT remain elevated, while gold ETF hedging is below its historical average. The bank says this leaves more room for Bitcoin demand to recover, potentially giving Bitcoin more support relative to gold if ETF hedging starts to ease.