JPMorgan forecasts strong performance for Ethereum… "Rising demand from corporations and ETFs"
Summary
- JPMorgan reported that institutional demand for Ethereum (ETH) is steadily increasing.
- It was stated that $5.4 billion was recently invested in the U.S. spot Ethereum ETF, setting an all-time record.
- With the easing of regulatory risks by the U.S. SEC, JPMorgan believes corporate and ETF demand for Ethereum is likely to keep rising.
Global investment bank (IB) JPMorgan has stated that institutional investor demand for Ethereum (ETH) may continue to grow.
According to CoinDesk on the 21st (local time), JPMorgan said in a report released the previous day (20th), "Last month, $5.4 billion (about ₩7.6 trillion) flowed into the US spot Ethereum ETF," adding, "This is the largest amount ever and matches the inflows recorded by spot Bitcoin ETFs." JPMorgan added, "While spot Bitcoin ETFs have seen a slight outflow of funds this month, spot Ethereum ETFs continue to see steady inflows."
JPMorgan anticipates that demand for Ethereum from companies and ETFs will continue to rise moving forward. This trend has been influenced by a reduction in Ethereum-related regulatory risks, such as the U.S. Securities and Exchange Commission (SEC) recently stating that 'liquid staking' for cryptocurrencies does not violate securities laws. CoinDesk reported, "The SEC signaled that liquid staking tokens might not be classified as securities, which eased institutional investors' concerns."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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