JPMorgan has taken another big step in blockchain finance by launching the first tokenized money market fund based on Ethereum #mony , starting with $100 million of its own funds, and external investors can begin subscribing on December 16. This shows that institutional confidence in ETH as financial infrastructure is increasing.

However, the short-term trend signals are a bit complex: while participation from whales and institutions has increased, net inflows into Ethereum ETFs remain negative, with significant short-term fluctuations in on-chain capital inflows, and total supply continuing to rise. If demand does not keep up, this could limit short-term increases. However, institutional products like MONY, coupled with active whale trading, are expected to steadily increase long-term demand. #ETH market, development, and short-term fluctuations coexist, which is worth paying attention to.