JPMorgan warns that Grayscale’s#Bitcoin(#BTC) fund#GBTCmay suffer further sell-off in the coming weeks. According to the bank, the $3 billion inflows into spot#BTCETFs(exchange-traded funds) reflected a rotation into existing Bitcoin instruments. The bank further stated that this shift indicates that “retail investors are moving away from digital wallets held by exchanges/retail brokers towards cheaper spot Bitcoin #ETFs.