JPMorgan: Cryptocurrency Market has Seen $60 Billion in Inflows Year-to-Date, Investor Interest in Altcoins Rising

Blockbeats
25 Jul

BlockBeats News, July 25th, according to The Block, Morgan Stanley analysts estimate that a total of $60 billion has flowed into digital assets since the beginning of the year, driven primarily by inflows into crypto funds, active trading on the Chicago Mercantile Exchange (CME), and venture capital funding activities. Analysts point out that since the end of May, inflows have grown by nearly 50% and are expected to easily surpass last year's historical record.

The analyst stated that a key driving factor is the increasingly friendly regulatory environment in the United States. Investor interest in altcoins is also on the rise. Among them, Ethereum is the biggest beneficiary, as it holds a dominant position in the decentralized finance (DeFi) and smart contract space, and is increasingly being incorporated into corporate treasuries alongside Bitcoin. More and more asset management companies are considering launching altcoin-based crypto ETFs and introducing staking mechanisms.

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