Summary
- JPMorgan said it expects expanded inflows from institutional investors this year to support a rise in the digital-asset market.
- A JPMorgan strategist said digital-asset inflows will increase this year and will be led by institutional investors.
- JPMorgan said additional U.S. digital-asset legislation and greater regulatory clarity tied to the CLARITY Act will spur institutional inflows and bolster market sentiment.
JPMorgan said it expects expanded inflows from institutional investors and improving regulatory clarity this year to underpin gains in the digital-asset (cryptocurrency) market.
According to crypto-focused media outlet CoinDesk on the 11th (local time), JPMorgan strategist Nikolaos Panigirtzoglou said in a report, "We expect digital-asset inflows to increase further this year," adding that "this will be driven by institutional investors rather than retail investors or cryptocurrency accumulation companies."
He explained, "This shift could accelerate further on the back of prospects for additional U.S. digital-asset legislation—particularly the CLARITY Act, a digital-asset market structure bill—to pass." He added, "Regulatory clarity is a key factor in encouraging institutional inflows."
Based on these factors, JPMorgan maintained a positive outlook for the digital-asset market this year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
