ChainCatcher news, JPMorgan Chase (JPM) said in a research report on Wednesday that spot Bitcoin ETFs attracted $16 billion in net inflows. This figure, combined with the Chicago Mercantile Exchange (CME) futures flow and the funds raised by crypto venture capital funds, has increased the total funds flowing into the digital asset market this year to $25 billion.
Analysts said: "However, not all of this capital inflow is new money entering the cryptocurrency field. We believe that it is likely that a large amount of funds will be transferred from the digital wallets of exchanges to the new spot Bitcoin ETF."
