JPMorgan Chase: Cryptocurrency market inflows have reached $60 billion so far this year, and investors' interest in altcoins has increased

Odaily Planet Daily News According to JPMorgan analysts, capital inflows into digital assets have reached $60 billion since the beginning of the year, mainly driven by inflows from crypto funds, active futures trading at CME, and venture capital fundraising activities. Analysts pointed out that since the end of May, capital inflows have increased by nearly 50%, and are expected to easily surpass last year's record. Analysts said that the friendlier regulatory environment in the United States is one of the key driving factors. Investors' interest in altcoins is also rising. Among them, Ethereum is the biggest beneficiary due to its dominance in decentralized finance (DeFi) and smart contracts, and it is increasingly being included in corporate treasury allocations along with Bitcoin. More and more asset management companies are interested in launching crypto ETFs based on altcoins and introducing pledge mechanisms. (The Block)