JPMorgan's Panigirtzoglou flags retreat from the debasement trade as bitcoin and gold ETFs see significant outflows amid easing US-Iran geopolitical tensions.

Bitcoin ETFs lost $2.26B in two weeks while gold ETFs saw record $12B outflows in March as investors abandon the debasement trade for higher-yielding assets.

JPMorgan's Panigirtzoglou flags retreat from the debasement trade as bitcoin and gold ETFs see significant outflows amid easing US-Iran geopolitical tensions.

Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.

Both bitcoin and gold ETFs have seen outflows over the past two weeks as the debasement trade cools, according to JPMorgan analysts.

JPMorgan (NYSE:JPM) analysts say simultaneous outflows from Bitcoin