JPMorgan says institutional investors may prefer Bitcoin over gold

posted 22 days ago
Institutional investors, such as family offices, might be looking at bitcoin as an alternative to gold, according to JPMorgan analysts.

In a research note published Friday, JPMorgan analysts said Grayscale's bitcoin trust saw cumulative inflows through October, whereas gold exchange-traded funds (ETFs) saw "modest outflows" since mid-October. "This contrast lends support to the idea that some investors that previously invested in gold ETFs such as family offices, may be looking at bitcoin as an alternative to gold," said the analysts.
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