News

Jinse Finance reported, citing The Wall Street Journal, that JPMorgan has officially launched its first tokenized money market fund, "My OnChain Net Yield Fund" (abbreviated as MONY). This private fund will operate on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 millions of its own capital into the fund as seed funding.

According to ChainCatcher, market sources indicate that digital asset investment products saw a total inflow of $864 million last week. This marks the third consecutive week of overall moderate inflows, reflecting a cautious yet increasingly optimistic investor sentiment. Despite the recent interest rate cut by the Federal Reserve, price performance remains sluggish. Market sentiment was mixed in the trading days following the rate cut, and capital flows were uneven. Regionally, the US market was the most positive, with inflows reaching $796 million last week. Germany ($68.6 million) and Canada ($26.8 million) also saw capital inflows. These three countries have dominated this year's capital flows, accounting for 98.6% of year-to-date (YTD) inflows. Bitcoin attracted $522 million in capital inflows, while investment products shorting bitcoin continued to see a total outflow of $1.8 million, indicating a warming market sentiment. Nevertheless, bitcoin's performance this year remains relatively sluggish, with YTD inflows at $27.7 billion, compared to $41 billion in 2024. Ethereum saw $338 million in inflows last week, bringing its YTD inflows to $13.3 billion, a 148% increase compared to 2024. Solana's YTD inflows remain low at $3.5 billion, but this still represents a tenfold increase compared to 2024. Aave and Chainlink attracted $5.9 million and $4.1 million in inflows last week, respectively, while Hyperliquid saw an outflow of $14.1 million.