JPMorgan: Spot Bitcoin ETF could potentially attract up to $36 billion in rotation funds.

Bitcoin spot ETFs traded in the United States are not expected to attract a large amount of new capital. Instead, they may divert up to $36 billion from existing cryptocurrency tools. The team of analysts at JPMorgan Chase stated that this figure includes $3 billion inflow from Bitcoin futures-based ETFs, $3-13 billion inflow from GBTC, and up to $15-20 billion transferred by retail investors from digital wallets on crypto exchanges/retail brokers to Bitcoin spot ETFs.