JPMorgan expects crypto inflows to rise further in 2026 after reaching a record of nearly $130 billion in 2025, with institutions driving the next leg of growth.
Analysts led by Nikolaos Panigirtzoglou said clearer U.S. regulation could unlock fresh institutional activity across ETFs, VC, M&A, and IPOs.
Bitcoin and Ethereum ETFs alongside digital asset treasury buyers fueled most 2025 inflows, while CME futures activity pointed to weaker institutional participation compared to 2024, they noted.
The analysts added that crypto de-risking appears to be easing, setting the stage for a more institution-led inflow cycle in 2026 rather than one driven by retail or treasury strategies.
