Crypto Inflows Surge to $60B Year-to-Date, Outpacing Private Equity: JPMorgan

Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM) , marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last update at the end of May, the bank said in a report Wednesday. That figure includes crypto fund flows, Chicago Mercantile Exchange (CME) futures activity, and crypto venture funding, and puts 2024 on track...