JP Morgan: "$60 Billion Net Inflow into Crypto This Year... Impact of U.S. Regulation"

JOON HYOUNG LEE

Summary

JP Morgan announced that a net inflow of $60 billion has entered the cryptocurrency market this year.
It was reported that this represents an increase of about 50% compared to the figures released at the end of May.
JP Morgan explained that the background of this capital inflow increase is the U.S. efforts toward regulatory clarity.

This year, the cryptocurrency market has seen a net inflow of $60 billion (approximately ₩82.2 trillion).

According to CoinDesk on the 24th (local time), global investment bank (IB) JP Morgan announced this in a report released the previous day (23rd). CoinDesk stated, "($60 billion) is a figure that has surged about 50% compared to the data JP Morgan released at the end of May."

The sharp increase in net capital inflow into the cryptocurrency market is attributed to regulatory clarification efforts in the United States. The U.S. House of Representatives recently passed major cryptocurrency bills such as the Genius Act (Stablecoin Act) and the Clarity Act (Digital Asset Market Structure Act) during 'Crypto Week.' In its report, JP Morgan explained, "The surge in capital inflow into cryptocurrencies in recent months is likely due to favorable U.S. regulations for crypto."

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