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JPMorgan: Investors are showing increasing interest in Ethereum
The iShares Ethereum Trust (ETHA) by BlackRock has managed to attract around $10 billion in six months. The net inflow of funds into the ETH-ETF over the last few days has exceeded $332 million.
Since the beginning of the year, the inflow of funds into cryptocurrencies has amounted to $60 billion, with the main sources of funding being venture capital and the futures market, experts from JPMorgan stated. According to banking experts, the American GENIUS law has simplified the regulation of stablecoins and may become a legal benchmark for other countries.
Due to the improvement of the legislative framework, the activity of the crypto industry is increasing, and the volumes of venture financing are growing, especially where Ethereum serves as the basis for new projects, noted representatives of JPMorgan.