TechFlow reports, citing JPMorgan's findings, that the cryptocurrency market has seen net inflows of $12 billion this year, with most likely coming from transfers from digital wallets into spot Bitcoin ETFs.
The figure is expected to rise to $26 billion by year-end. However, given Bitcoin's current price at elevated levels relative to miner production costs or gold, there is skepticism about whether inflows can maintain the same pace for the remainder of the year.
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