JPMorgan: Retail Investors Selling ETFs Is the Main Reason for Bitcoin and Ethereum Price Declines

ChainCatcher news, according to The Block, JPMorgan's latest analysis report shows that the ongoing correction in the crypto market is mainly driven by retail investors selling bitcoin and ethereum ETFs, rather than crypto-native traders.

Data shows that this month, retail investors have withdrawn about $4 billion from crypto ETFs, surpassing the historical record set in February. Notably, during the same period, retail enthusiasm for stock ETFs has not diminished, with about $96 billion flowing in during November. If the current pace continues, the total could reach $160 billion by the end of the month, on par with September and October. This phenomenon indicates that investors still regard crypto assets and traditional stocks as different investment categories, and the crypto market correction does not represent an overall shift to pessimism toward risk assets among retail investors.