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JPMorgan: The pullback in the crypto market may mainly stem from retail investors dumping Bitcoin and Ethereum ETF
Golden Finance reported that JPMorgan analysts stated that retail investors sold approximately $4 billion worth of spot Bitcoin and Ethereum ETFs in November, which has been a major driving factor behind the recent adjustments in the crypto market. At the same time, retail investors are purchasing stock ETFs, increasing their holdings by about $96 billion this month, indicating that the cryptocurrency dumping is not part of a broader risk-off sentiment.