According to Watchguru, JP Morgan analyzed in a report that “demand for Bitcoin (BTC) spot ETFs is exaggerated by about two times compared to reality.” The report said, “Not all net inflows into Bitcoin spot ETFs are fresh money entering the cryptocurrency market. “Significant funds appear to have moved from centralized exchanges (CEXs) to Bitcoin ETFs, and movements from exchange wallets are directly reflected in exchange Bitcoin balances,” he explained.
※Cotoon (Coin Webtoon) is Coin Leaders’ cryptocurrency cartoon. The cartoonist is Jinho Kim. Artist Kim has been drawing current affairs cartoons for the Incheon Ilbo, Chungcheong Ilbo, Yeongnam Ilbo, and Gyeongnam Maeil for over 20 years, and is notable for his history of working and converting current affairs cartoons into files in a completely digital manner since the early 2000s. Currently, he supplies cartoons to many Internet media outlets, including Financial Today, and is active as an illustrator for MBN and Channel A.