Shiva Ganesh
Digital assets have seen $12 billion of net inflows year-to-date.
If the current pace continues, the inflows could grow to $26 billion by the end of the year.
A significant portion of the inflows into spot bitcoin ETFs likely came from existing digital wallets on exchanges.
JPMorgan expressed skepticism about the sustainability of these inflows, especially given the current high bitcoin prices.
The $12 billion net inflow is stronger than last year but notably lower than during the bull run of 2021/2022.