JPMorgan Sees Institution-Led Crypto Inflows in 2026 After Record $130 Billion in 2025

Overview

• JPMorgan estimates crypto drew nearly $130 billion in fresh capital in 2025, marking a new annual high.
• Digital-asset treasury companies accounted for about $68 billion of last year’s inflows, including roughly $23 billion from Strategy, while ETF demand appeared largely retail-driven.
• Institutional trading activity declined on CME futures compared with 2024, and venture funding stayed subdued with fewer early-stage deals and concentration in later rounds.
• The bank projects an acceleration of 2026 inflows led by institutions, a shift it links to U.S. regulatory clarity such as the proposed Clarity Act.
• Market tone has improved with the Fear & Greed Index at 61 and bitcoin near $97,700, even as NewsBTC reports a delay in the Clarity Act’s markup after Coinbase withdrew support.