According to PANews, JPMorgan Chase (JPM) recently released a research report that digital assets have achieved a net inflow of $12 billion so far this year. If the current speed is maintained, it is expected to increase to $26 billion by the end of the year. Among them, the spot Bitcoin ETF has become the main attraction, attracting a net inflow of $16 billion. However, the report emphasizes that not all inflows are new funds in the crypto field. Analysts such as Nikolaos Panigirtzoglou believe that digital wallet funds on exchanges may be transferred to new spot Bitcoin ETFs in large quantities.
Based on the above analysis, JPMorgan Chase revised the data, pointing out that the net inflow of digital assets so far this year is actually $12 billion, not the original $25 billion. Although this figure is strong compared with last year, it is far lower than the level during the 2021/2022 bull market. Given the high price of Bitcoin, JPMorgan Chase doubts whether the inflow can continue to maintain the current pace for the rest of the year.