JPMorgan: Crypto Market Inflows Reach $60 Billion Year-to-Date as Investor Interest in Altcoins Rises
According to a report by Jinse Finance, JPMorgan analysts estimate that capital inflows into digital assets have reached $60 billion so far this year, mainly driven by inflows into crypto funds, active trading of CME futures, and venture capital fundraising activities. The analysts noted that since the end of May, capital inflows have increased by nearly 50%, and are on track to easily surpass last year’s record high. They stated that a more favorable regulatory environment in the United States is one of the key driving factors. Investor interest in altcoins is also rising. Among them, Ethereum is the biggest beneficiary, due to its dominant position in decentralized finance (DeFi) and smart contracts, as well as its growing inclusion—alongside Bitcoin—in corporate treasury allocations. An increasing number of asset management firms are considering launching crypto ETFs based on altcoins and introducing staking mechanisms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: XION will unlock tokens worth approximately $22.13 million in one week
CryptoQuant CEO: Bitcoin On-Chain Indicators Show Bearish Signals, Future Upside May Depend on Macro Liquidity
Bitfury makes a strategic investment of $12 million in the decentralized AI computing network Gonka.ai
