JMP Predicts $220B Bitcoin ETF Inflows Could Drive Bitcoin to $280K

• Spot bitcoin ETFs could see $220B of inflows over next 3 years, potentially driving bitcoin price to $280K - JMP Securities

• JMP raised Coinbase's stock price target to $300 from $220, highest among Wall Street analysts

• JMP says activity and flows into bitcoin ETFs so far are just the "tip of the iceberg"

• Spot bitcoin ETFs saw record $1B in net inflows on Tuesday in new daily high

• Separately, JPMorgan estimates $62 billion of bitcoin ETF inflows over next 2-3 years