JPMorgan: ETF Fund Outflows Slow, Cryptocurrency Market Sell-off May Be Nearing Bottom

Odaily JPMorgan's latest report indicates that the recent sell-off in the cryptocurrency market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that outflows from Bitcoin and Ethereum ETFs began to stabilize in January, and positioning indicators in the futures market also show that investor de-risking actions from late 2025 have largely been completed. The bank believes market liquidity remains healthy, and this round of adjustment was primarily driven by de-risking triggered by MSCI's statement last October regarding the potential exclusion of crypto-related companies, rather than market stress. MSCI's recent decision to temporarily not exclude cryptocurrency-related companies in the global equity index review scheduled for February 2026 has provided short-term relief to the market, reducing the risk of forced selling related to index changes. (CoinDesk)