📰 A JPMorgan report is a bit interesting: Since 2026, inflows into digital assets have been about $50 billion, and annualized at the current pace is roughly $66 billion—higher than the $52 billion estimated in May.
🔥 But don’t rush to call it a full-fledged rebound yet. While the speed of inflows is improving, it still remains at only about half of last year’s level. Honestly, this contrast feels more realistic: the money is indeed coming back, but it hasn’t returned with the same intensity as last year.
💡 The composition of the funds is also changing. ETF fund flows have improved since August and have turned to net inflows for the year to date; meanwhile, institutional holdings of CME’s BTC and ETH futures have also risen over the past two months. In the third quarter, both sets of figures are better than before, and at the start of the fourth quarter, there is at least some additional funding support.
👀 The clearer buyer right now appears to be listed-company treasuries. BTC miners, however, have net sold about $1.8 billion year to date. With corporates continuing to buy and miners continuing to sell, how well the market can actually absorb the supply will depend on which side’s capital is more durable.
🤔 Do you think in Q4 ETF flows and institutional positions will keep increasing, or will the inflow pace remain stuck around last year’s halfway mark?
#加密市场 #BTC #ETH #ETF
🔥 But don’t rush to call it a full-fledged rebound yet. While the speed of inflows is improving, it still remains at only about half of last year’s level. Honestly, this contrast feels more realistic: the money is indeed coming back, but it hasn’t returned with the same intensity as last year.
💡 The composition of the funds is also changing. ETF fund flows have improved since August and have turned to net inflows for the year to date; meanwhile, institutional holdings of CME’s BTC and ETH futures have also risen over the past two months. In the third quarter, both sets of figures are better than before, and at the start of the fourth quarter, there is at least some additional funding support.
👀 The clearer buyer right now appears to be listed-company treasuries. BTC miners, however, have net sold about $1.8 billion year to date. With corporates continuing to buy and miners continuing to sell, how well the market can actually absorb the supply will depend on which side’s capital is more durable.
🤔 Do you think in Q4 ETF flows and institutional positions will keep increasing, or will the inflow pace remain stuck around last year’s halfway mark?
#加密市场 #BTC #ETH #ETF