Jpmorgan

A JPMorgan note suggesting MSCI may exclude companies with large crypto holdings from its indexes has sparked outrage in the Bitcoin community, leading to widespread calls for a boycott. The situation escalated after Strike CEO Jack Mallers revealed his accounts with JPMorgan Chase were abruptly closed.

A JPMorgan analyst reports that the recent crypto market downturn is primarily driven by retail investors selling spot Bitcoin and Ethereum ETFs, not professional traders. This is happening while these same investors pour record funds into equity ETFs, indicating they view crypto as a distinct asset class.