Bitcoin And Crypto ETFs Set To Attract $130 Billion-Plus Inflows This Year, JPMorgan Predicts

According to analysts at JPMorgan, crypto-focused exchange-traded funds (ETFs), notably for Bitcoin (BTC), are anticipated to see inflows in 2026 that can far exceed these from 2025. 

Led by Nikolaos Panigirtzoglou, the evaluation highlights a major pattern the place capital flowing into the crypto market via ETFs reached a document high of $130 billion final 12 months, pushed by a rising curiosity in digital asset treasuries (DATs).

DAT Companies Lead Crypto Inflows In 2025

Panigirtzoglou explained that the inflows noticed in 2025 have been largely attributed to Bitcoin and Ethereum (ETH) ETFs, which the analyst suggests have been primarily fueled by retail traders, in addition to Bitcoin acquisitions by DAT firms. 

In distinction, participation from institutional traders and hedge funds, as indicated by the shopping for exercise in Bitcoin and Ethereum Chicago Mercantile Exchange (CME) futures, appeared to have declined in comparison with 2024. 

The analysts famous that over half of the entire digital asset inflows in 2025, roughly $68 billion, got here from DAT companies. Another $23 billion was attributed to formal methods, marking a slight improve from $22 billion in Bitcoin shopping for from the earlier 12 months. 

Notably, different DATs acquired about $45 billion in digital property, a major rise from simply $8 billion in 2024. However, most of those purchases occurred earlier within the 12 months, and by October, the momentum in crypto shopping for from DATs had markedly decreased.

Crypto enterprise capital funding additionally contributed to the general capital flows, although this space remained considerably decrease than the peaks skilled in 2021 and 2022. 

While complete crypto venture capital funding noticed a modest improve in 2025 in comparison with 2024, the variety of offers declined sharply, and funding exercise grew to become more and more concentrated in later-stage funding rounds. 

JPMorgan additional recommended that this muted development in enterprise funding was, partially, because of the rising allocation of capital towards DATs. Funds that may have in any other case been directed to early-stage startups have been more and more diverted towards treasury methods that present quick liquidity.

Regulatory Changes Anticipated To Boost Institutional Interest 

Looking ahead, the analysts anticipate a rebound in institutional crypto flows in 2026, which may very well be spurred by the anticipated passage of further regulatory measures, such because the Crypto Market Structure Bill (CLARITY Act) within the US. 

This anticipated laws is anticipated to additional entrench institutional adoption of digital property, together with renewed institutional engagement in areas like enterprise capital funding, mergers and acquisitions, and initial public offerings (IPOs). 

However, the anticipated markup of this invoice has been delayed late on Wednesday, as crypto trade leaders, together with the cryptocurrency alternate Coinbase (COIN), have withdrawn their help for the laws. 

This is attributed to points associated to key provisions, which the agency’s CEO, Brian Armstrong, has described as making this model “materially worse than the present established order”.

At the time of writing, the market’s main cryptocurrency, Bitcoin, was buying and selling at $96,050, having recorded positive aspects of 10% over the earlier fourteen days, as broader inflows have already returned to the market because the starting of the 12 months. 

Featured picture from DALL-E, chart from TradingView.com