JPMorgan says Bitcoin ETF inflows on day two fell to $200m

EARLY reports from JPMorgan suggest inflows into Bitcoin exchange-traded funds fell to around $200 million on the second day of ETF trading after day one saw a massive peak of more than $629m.

ETFs entered the US stock market on January 11 on a wave of hype following days of false starts and fake Twitter posts as 11 companies opened with $28 billion in assets under management

BlackRock has been the main player so far, accounting for more around $500m on January 11 and 12, although JPMorgan says it is still awaiting reports from several issuers.

More to follow.