JP Morgan has increased its investments in Bitcoin ETFs to $1.7 billion, indicating growing institutional confidence in cryptocurrency-backed financial products.
Net inflows into spot Bitcoin ETFs in the U.S. have surpassed $40 billion, a record since February. Weekly inflows ranged from $1.8 billion to $3.5 billion during April and May, highlighting continued institutional demand.
BlackRock has emerged as the dominant player, with over $43 billion in investments in BTC ETFs, even surpassing traditional ETFs like SPY and Nasdaq.