.png){kind=logo}
US-based crypto investment products attracted over $7.5 billion in inflows in 2025, with $785 million in net inflows last week, led by a $681 million contribution from the US.
Despite CEO Jamie Dimon's critical stance on cryptocurrency, JPMorgan Chase will allow clients to buy Bitcoin without offering custody services.
The SEC has postponed its decision on Solana ETFs by 21Shares and Bitwise, inviting public feedback and continuing its review of several crypto ETF applications.
Crypto markets are rapidly evolving, attracting increasing interest from investors and progressing in terms of regulation. Digital assets continue to gain popularity, with numerous cryptocurrency investment products in the U.S. seeing inflows. As more individuals embrace cryptocurrencies, major financial institutions and regulators are adapting their positions. Recent actions by JPMorgan Chase and the U.S. Securities and Exchange Commission underscore the shifting landscape for crypto investors and market participants.
Crypto investment products in the United States have attracted over $7.5 billion in inflows so far in 2025, signaling a notable increase in investor appetite for digital assets. According to a May 19 report by digital asset manager CoinShares, US-based crypto investment products saw $785 million in net inflows last week. This marked the fifth consecutive week of positive flows after heavy outflows in February and March.
The bulk of last week’s inflows came from the US, contributing $681 million. Next were Germany, whose contributions were $86.3 million, and Hong Kong, with $24.4 million. With a 90-day pause on additional US-China tariffs underway, investors have relaxed their worries, possibly leading to increased demand for cryptos. Bitwise’s head of European research, André Dragosch, noted that institutional interest accelerated after Coinbase recorded over $1 billion in Bitcoin withdrawals in a single day, the highest net outflow seen in 2025.
JPMorgan Chase CEO Jamie Dimon reiterated his longstanding critical stance on Bitcoin while confirming that the bank will allow its clients to purchase the cryptocurrency. Dimon emphasized, however, that JPMorgan will not offer custody services for Bitcoin holdings. His remarks came during the company’s investor day event, during which he also downplayed the current relevance of blockchain technology compared to other innovations like artificial intelligence.
Despite his personal skepticism, Dimon acknowledged the bank’s involvement in blockchain through internal use. He said blockchain has been talked about for more than a decade but has not delivered as much impact as some expect. Dimon and other major bank executives have recently discussed challenges in engaging with the crypto sector, partly due to regulatory restrictions.
Nevertheless, changes to government policies under Donald Trump have given more people an opportunity to participate in schools. According to Jerome Powell, banks can provide services to crypto clients provided that appropriate risk management measures are in place.
The U.S. Securities and Exchange Commission (SEC) has put two proposed Solana exchange-traded funds by 21Shares and Bitwise on hold. The SEC issued statements and allowed the public to comment. The agency stated that accepting the petition is not a conclusion and is open to comments from interested parties.
This action is part of the SEC’s ongoing review of several crypto ETF applications, such as those of Solana, XRP, and Dogecoin. Various firms, including Canary, Grayscale, and ProShares, are applying for approval of Solana-related ETFs. Digital asset products now have more opportunities in the regulatory environment than before.
Since the start of 2025, the SEC has permitted both Bitcoin and Ethereum spot ETFs and decreased the number of enforcement cases involving crypto companies. In a recent roundtable on crypto, SEC Chair Paul Atkins proposed a new regulatory plan and discussed why past policies did not work well.
