- JPMorgan said it estimates that about $50 billion has flowed into the cryptocurrency market this year.
- It said stronger ETF inflows in the third quarter and an expansion in futures market positions were the main drivers.
- It added that those trends are expected to support positive momentum in the cryptocurrency market in the fourth quarter as well.
Forecast Trend Report by Period
About $50 billion is estimated to have flowed into the cryptocurrency market this year. JPMorgan said stronger exchange-traded fund inflows and a buildup in futures positions during the third quarter could also support the market in the fourth quarter.
Cointelegraph reported on October 13 that JPMorgan estimates roughly…
