JPMorgan estimates that $50 billion of cryptocurrency assets will flow in this year, with improved momentum in the fourth quarter

Morgan Stanley analysts estimate that about $50 billion in funds have flowed into digital assets since the beginning of this year, with an annualized rate of about $66 billion, higher than the $52 billion annualized level in May. The inflow in the first half of the year mainly came from Strategy's Bitcoin purchases and cryptocurrency venture capital financing, and ETF fund flow has improved since August. The positions of CME Bitcoin and Ethereum futures institutions have increased in the past two months, and trend tracking traders have begun to rebuild their long positions. Bitcoin mining companies have sold approximately $1.8 billion in net sales this year, mainly from listed mining companies, to fund AI infrastructure expenditures.