Odaily Planet Daily reports that JPMorgan Chase states the previous “de-risking” process in the crypto market may be nearing its end, with fund flows into Bitcoin and Ethereum ETFs showing signs of stabilization.
The analysis team led by JPMorgan Chase Managing Director Nikolaos Panigirtzoglou pointed out in the latest report that although BTC and ETH ETFs experienced outflows in December 2025, global stock ETFs recorded a historic monthly net inflow of $235 billion during the same period. However, after January 2026, several indicators began to improve.
The report states that the fund flows for Bitcoin and Ethereum ETFs have shown “bottoming signs,” and the holdings indicators for perpetual contracts and CME Bitcoin futures suggest that selling pressure is easing. Analysts believe that the phase of simultaneous deleveraging by retail and institutional investors during Q4 2025 has likely ended.
Additionally, JPMorgan Chase pointed out that MSCI decided not to remove Bitcoin and crypto asset reserve companies from the global stock index during the February 2026 index review, providing the market with a “at least temporary relief,” which benefits related companies including Strategy.
The report also denies that recent crypto market corrections are caused by deteriorating liquidity. JPMorgan Chase believes the real trigger was MSCI’s statement on October 10 regarding the status of the MicroStrategy index, which triggered systemic de-risking operations. Current signs indicate that this process has largely been completed.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks Through $78,000, Down 1.60% Intraday
Gate News message, April 23 — Bitcoin broke through the $78,000 level today, though the asset declined 1.60% over the intraday period.
GateNews47m ago
Crypto Sentiment Hits 3-Month High; Bitcoin Holds $77K Amid Speculative Risks
The Crypto Market Fear and Greed Index has climbed to its highest level since January 18, reaching 46 over the past 24 hours, according to data from Alternative.me. This represents a 14-point jump from the previous day and marks the largest single-day increase recorded so far this year, signaling a
CryptoFrontier1h ago
Grayscale Transfers 3,817 ETH and 210 BTC Worth $25.02M to Institutional Custody Platform
Gate News message, April 23 — Grayscale transferred a total of 3,817 ETH and 210.006 BTC to an institutional custody platform approximately 40 minutes ago, according to market sources.
The combined transfer was valued at approximately $25.02
GateNews1h ago
JPMorgan: DeFi Exploits and Stagnant TVL Continue to Limit Institutional Adoption
Gate News message, April 23 — JPMorgan analysts say persistent decentralized finance exploits and weak growth continue to limit institutional interest in the sector. The recent Kelp DAO attack wiped approximately $20 billion from DeFi's total value locked (TVL) in just days, according to a report le
GateNews2h ago
Spot Bitcoin ETFs See $335M Inflows as BTC Slips
US-listed spot Bitcoin ETFs extended their winning streak on Wednesday, recording $335.8 million in net inflows for their seventh consecutive day of positive flows, according to data from Fraside Investors. This sustained institutional demand reflects strengthening interest in Bitcoin products
CryptoFrontier2h ago
