PANews June 13 news, according to CoinDesk, JPMorgan Chase (JPM) released a research report on Wednesday, pointing out that digital assets have achieved a net inflow of $12 billion so far this year, and 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. Combined with the inflow of Chicago Mercantile Exchange (CME) futures and the fundraising of crypto venture capital funds, the total inflow of the digital asset market this year has reached $25 billion.

However, the report emphasizes that not all inflows are new funds in the crypto space. Analysts such as Nikolaos Panigirtzoglou believe that digital wallet funds on exchanges may be shifted in large quantities to new spot Bitcoin ETFs. Evidence of this shift is that since the launch of the spot ETF in January, the amount of Bitcoin reserves on exchanges has dropped significantly, estimated at 220,000 Bitcoins or $13 billion.

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.