BITCOIN COULD GET MORE SUPPORT THAN GOLD JPMorgan says Bitcoin could benefit more than gold if ETF hedging demand eases. Short interest in IBIT remains near yearly highs, while its put-to-call ratio is also higher than GLD’s — signaling heavier Bitcoin hedging. If those hedges
Why now
Thesis: Unwinding ETF hedges could give Bitcoin more upside than gold
Catalyst to watch: Short interest and put-call ratio shifts
Main risk: Hedges stay elevated, capping upside
Why it matters
If ETF hedges unwind, Bitcoin could see more upside support than gold per JPMorgan.
Details
BITCOIN COULD GET MORE SUPPORT THAN GOLD JPMorgan says Bitcoin could benefit more than gold if ETF hedging demand eases. Short interest in IBIT remains near yearly highs, while its put-to-call ratio is also higher than GLD’s — signaling heavier Bitcoin hedging. If those hedges unwind, JPMorgan sees greater potential support for Bitcoin vs. gold.
Sources
- x · 2026-09-17 17:55 UTC