Crypto correction persists due to retail ETF outflows, says JPMorgan

JPMorgan has attributed the recent cryptocurrency market correction to selling pressure from retail investors in spot Bitcoin and Ethereum ETFs. In a report, the bank noted that while the major liquidations seen in October had stabilized, the market correction is persisting due to these retail-driven ETF sales. The report highlighted that a total of $4 billion has flowed out of spot BTC and ETH ETFs since the beginning of November, marking the largest such outflow since February.