Breaking Crypto News – Crypto Markets Net Inflows of $12 Billion This Year

Breaking Crypto News – Huge Interest in Bitcoin ETFs with Incredible Crypto Markets Net Inflow Statistics

Breaking Crypto News – According to JPMorgan‘s report, spot Bitcoin ETFs have seen inflows of $16 billion since the beginning of this year. Most of these inflows came from existing digital wallets on exchanges.

• Crypto markets have seen net inflows of $12 billion since the beginning of the year.
• Most of the $16 billion in inflows into spot bitcoin ETFs have come from existing digital wallets, the bank said.
• JPMorgan said it is skeptical that these inflows will continue at the same pace for the rest of the year.

High Demand for Crypto Assets

According to a research report published by JPMorgan on Wednesday, digital assets have seen a net inflow of $12 billion since the beginning of the year. If inflows continue at this pace, the amount invested in crypto assets could reach $26 billion by the end of the year.

• Spot bitcoin (BTC) exchange-traded funds (ETFs) stand out with a net inflow of $16 billion.
• Together with Chicago Mercantile Exchange (CME) futures flows and capital provided by crypto venture capital funds, total inflows into digital asset markets this year have reached $25 billion.

The Source and Future of Crypto Cash Flow

However, not all of these inflows are new funds into the crypto market. JPMorgan analysts said, “We think there has been a significant shift from digital wallets on exchanges to the new spot bitcoin ETFs.”

• This transformation is reflected in the decline in bitcoin reserves on exchanges since the launch of spot ETFs in January, estimated at 0.22 million bitcoins, or $13 billion.
• This suggests that much of the $16 billion inflow into spot bitcoin ETFs reflects a conversion from existing digital wallets on exchanges, analysts said.
• With this assumption, net inflows into digital assets since the start of the year fell to $12 billion from $25 billion.

This $12 billion net inflow is stronger than last year but markedly lower than in the 2021/2022 crypto bull run. JPMorgan is skeptical that inflows will continue at the same pace for the rest of the year, noting how high the price of bitcoin is compared to the cost of production for miners or the cost of gold.

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