JPMorgan did two things this week, with opposite directions.


On May 13th, JPMorgan Asset Management launched its second tokenized treasury fund, JLTXX, on Ethereum, specifically designed for stablecoin issuers' reserves, with an initial investment of $100 million, in partnership with Anchorage Digital. The tokenized RWA market has already surpassed $32 billion.
On May 15th, the same bank released a report: ETH and altcoins will continue to underperform BTC, and Ethereum upgrades are not boosting network activity, the report states convincingly.
ETH is currently trading at $2,250, down 54% from its all-time high of $4,955. ETH/BTC is at 0.0283, a low not seen since October. After the BTC ETF outflows, it recovered two-thirds, but ETH ETF inflows only recovered one-third.
The report is just talk; the real layout is in the footwork. JPMorgan is bearish on ETH in words, but building stablecoin reserve infrastructure on Ethereum—JLTXX’s target clients are the most stable funding source in the entire crypto industry.
Follow the report’s narrative, or follow the $100 million real position? That’s for you to decide.
#Gate广场五月交易分享 $ETH $BTC
JPM-0.84%
ETH-3.49%
RWA-0.76%
BTC-3.05%
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HighAmbition
· 1h ago
thnxx for the update good 👍
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