JPMorgan says crypto sell-off may be nearing end as ETF outflows slow

JPMorgan said the cryptocurrency sell-off may be nearing its end as fund outflows from exchange-traded funds (ETFs) slow, CoinDesk reported. The bank noted that outflows from Bitcoin and Ethereum ETFs appear to have bottomed out in January, attributing the recent market correction to positioning adjustments rather than broader market stress. JPMorgan added that other indicators, including positioning in perpetual and CME futures, also suggest a bottom was formed in January.