JPMorgan expects crypto inflows to rise further in 2026 after record $130 billion in 2025

JPMorgan analysts forecast that capital inflows into crypto markets will increase further in 2026, primarily led by institutional investors, after reaching nearly $130 billion in 2025—a roughly one-third increase from 2024. The 2026 rebound is expected to be spurred by clearer U.S. regulations, like the Clarity Act, which should encourage more institutional adoption across areas like stablecoin issuance, exchanges, and custody solutions. The 2025 surge was largely attributed to retail-led inflows into Bitcoin and Ether ETFs and significant purchases by Digital Asset Treasury (DAT) companies, which accounted for about $68 billion of the total flows. Conversely, buying implied by CME futures slowed, suggesting weaker institutional participation that year. Analysts also noted that crypto venture capital funding growth was muted in 2025, partly crowded out by DATs redirecting capital away from early-stage startups toward strategies offering immediate liquidity. JPMorgan believes the de-risking phase seen in late 2025 is now over, setting the stage for increased institutional activity in 2026.

(Source：The Block)