Odaily Planet Daily News JPMorgan analysts raised questions about the sustainability of the $12 billion inflows into crypto assets so far this year. They pointed out that although most of the funds were transferred through spot Bitcoin exchange-traded funds (ETFs), they were skeptical about the sustainability of capital inflows given the current high price of Bitcoin relative to production costs and gold. Although annualized net inflows could reach $26 billion based on this trend, analysts remain skeptical about it, which is consistent with their early doubts about the approval of spot Bitcoin ETFs to attract new capital into the crypto field.