JPMorgan: The impact of MicroStrategy leveraged ETF on the crypto market is growing.

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Golden Finance reported that JPMorgan stated in a research report that the expansion of leveraged MicroStrategy (MSTR) ETFs and the capital inflows they attract have had a more significant impact on the company’s stock and the crypto market than before. The bank said that these ETFs played a significant role in the stock’s nearly 60% increase in November. According to the report, the total amount of funds flowing into US SpotBTC (BTC), SpotETHcoin (ETH), and leveraged MicroStrategy ETF in November reached nearly 11 billion US dollars, setting a new record high. Among them, leveraged MSTR ETF accounted for 3.4 billion US dollars, almost one-third of the total amount. Analysts led by Nikolaos Panigirtzoglou wrote:“This highlights the increasing influence of MicroStrategy’s leveraged ETF in promoting MicroStrategy’s BTC purchase plan in the Cryptocurrency market.”

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