Grayscale is the key to Bitcoin reclaiming $40k, JPMorgan says

Grayscale is the key to Bitcoin reclaiming $40k, JPMorgan says

Grayscale has received a lot of recognition as a key player influencing the price of Bitcoin, and rightly so. With over $27 billion in assets under management, Grayscale currently holds the position as the largest crypto asset manager in the world.

In recent comments regarding the short-term price outlook of Bitcoin, strategists from JPMorgan Chase said that Grayscale could be the key to Bitcoin hitting $40k once again. The strategists led by Nikolas Panigirtzoglou told Bloomberg that Bitcoin could lose its momentum and appeal in the short-term if it fails to breakout about $40k.

Bitcoin has broken the $40k benchmark twice this year. The first being when it hit its new all-time high and approached $42k, and the second just last week.

Panigirtzoglou and his team of strategists believe that Grayscale’s Bitcoin Trust, which currently has nearly $23 billion worth of Bitcoin is crucial if the digital asset will return or even surpass $40k. They wrote:

The flow into the Grayscale Bitcoin Trust would likely need to sustain its US$100 million per day pace over the coming days and weeks for such a breakout to occur.

If this does not happen soon, then the market could see further corrections.

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GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

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Dubai, UAE, June 23rd, 2025, Chainwire GAP 3 Partners (“G3”), a Dubai-based institutional virtual asset advisory firm, today announced that it has been granted an Operational License by the Dubai Virtual Assets Regulatory Authority (VARA). With this advisory license, G3 becomes the first regulated Virtual Asset Investment Advisor authorized to

By John Williams