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ZEC $1,218 Crypto inflows reach $50 billion as ETF flows recover, JPMorgan says
JPMorgan analysts say digital assets drew about $50 billion this year, with ETF flows back in positive territory for 2026.
Key takeaways
- Inflows near $50 billion. Digital assets have drawn about $50 billion this year, an annualized pace of roughly $66 billion, JPMorgan says.
- ETFs turned positive. Crypto ETF flows have returned to positive territory for 2026 after a recovery that began in August.
- Miners sold $1.8 billion. Bitcoin miners have sold a net $1.8 billion this year, with listed companies driving the sales.
What happened
JPMorgan analysts said digital assets have drawn around $50 billion of inflows this year, helped by recovering ETF flows and rising futures positions. The bank put the annualized pace of those inflows at about $66 billion.
Crypto ETF flows turned positive for 2026 after a recovery that began in August, the report said. Bitcoin futures positioning on CME has passed its previous peak. Bitcoin miners, meanwhile, have sold a net $1.8 billion this year, with listed companies driving those sales.
Analysts led by Nikolaos Panigirtzoglou wrote that third-quarter investment activity had become less dependent on corporate Bitcoin purchases and venture funding, which supplied most inflows during the first half. The team also recorded renewed institutional positioning in Bitcoin and Ether futures on CME over the past two months, after a slow start to 2026.
Earlier estimates combined crypto fund flows, activity implied by CME futures, venture fundraising, and purchases by publicly listed miners and corporate treasuries, according to the report.
Why it matters
The $66 billion annualized estimate is above the $52 billion pace recorded in May, but the analysts still put the current rate at roughly half last year's pace.
For the latest calculation, the team widened its coverage to include digital asset purchases by private corporate treasuries, private miners and government-related entities. Measured instead from the correction that began on Oct. 10, 2025, cumulative ETF flows stayed negative, so a positive calendar-year figure sits beside a remaining deficit over the period since that downturn.
What the data shows
September flows were strong. Crypto.news previously reported, citing Bitfinex figures, that $999 million entered U.S. spot Bitcoin ETFs on Sep. 21 and another $714.7 million on Sep. 22.
October reversed. Farside Investors data showed $484.9 million leaving the funds on Oct. 7, the largest daily outflow since June 25. BlackRock's IBIT lost $207.7 million, Fidelity's FBTC shed $105.1 million and ARK 21Shares' ARKB recorded $101.7 million in withdrawals.
On Oct. 8, XRP spot ETFs took in $8.17 million, all of it into Franklin's XRPZ, while U.S. spot Bitcoin ETFs shed $244 million and U.S. spot Ether ETFs lost $72.544 million, an eighth straight session of outflows.
XRP ETF assets stood at $1.56 billion with daily turnover of $65.44 million, and lifetime net inflows across the five products were $1.80 billion.
Background
XRP climbed 2.82% to $1.38 over 24 hours, joining a broader rebound after two days of losses. Bitcoin rose 2.51% to more than $83,000, Ethereum reached $2,490, and total market capitalization gained 1.87% to $2.79 trillion.
The XRP Relative Strength Index was 36, above the 30 oversold level. Wojciech Kaszycki, strategy adviser to Bitcoin treasury company BTCS S.A., estimated futures open interest had risen about 7% over a month, with funding near 8% on an annualized basis.
What is still unclear
- The bank's report does not spell out how much of the $50 billion figure comes from its newly added categories, private corporate treasuries, private miners and government-related entities, rather than the measures used in earlier estimates.
- It is also not clear how durable the August ETF recovery is, given the redemptions recorded on Oct. 7 and Oct. 8.
Questions readers ask
How much have crypto inflows reached this year?
JPMorgan analysts put digital asset inflows at around $50 billion this year, an annualized pace of about $66 billion. That pace exceeds the $52 billion recorded in May but is roughly half last year's rate.
Are crypto ETF flows positive in 2026?
Yes. ETF flows turned positive for 2026 after a recovery that began in August. Measured from the correction that began on Oct. 10, 2025, however, cumulative flows were still negative.
Which Bitcoin ETFs saw large withdrawals in October?
Farside Investors data showed $484.9 million leaving U.S. spot Bitcoin ETFs on Oct. 7, the largest daily outflow since June 25. BlackRock's IBIT lost $207.7 million, Fidelity's FBTC shed $105.1 million and ARK 21Shares' ARKB recorded $101.7 million in withdrawals.
How did XRP ETFs trade on October 8?
XRP spot ETFs recorded $8.17 million in net inflows on October 8, with Franklin's XRPZ responsible for all of it. XRP ETF assets were $1.56 billion and lifetime net inflows across the five products were $1.80 billion.
