Global investment bank #JPMorgan has cautioned that the approval of Spot Bitcoin Exchange Traded Funds ( #ETF's ) by the US Securities and Exchange Commission ( #SEC ) could "put severe downtrend pressure on #BTC prices".

The bank's Analyst estimate that Billions of dollars could exit from the crypto market after #Grayscale Investments converts it's Bitcoin Trust GBTC into a Spot Bitcoin ETF.

JP Morgan is known to manipulate the news cycle for their own personal gains.