According to Odaily, analysts from JPMorgan have raised questions about the sustainability of the $12 billion that has flowed into crypto assets so far this year. They noted that although most of the funds were transferred through spot Bitcoin exchange-traded funds (ETFs), they remain skeptical about the sustainability of the inflow of funds given the current high price of Bitcoin relative to its production cost and gold.
Despite the trend suggesting that the annual net inflow could reach $26 billion, analysts still harbor doubts. This skepticism aligns with their earlier concerns about the approval of spot Bitcoin ETFs attracting new capital into the crypto field.