JPMorgan believes that using ETF flows alone to infer the direction of the Bitcoin market and investment is misleading. Its latest research report shows that from early 2024 to now, Bitcoin fund inflows have reached 10.6 billion US dollars, while physical gold ETF outflows have reached 7.6 billion US dollars. However, this phenomenon does not necessarily indicate a transfer of funds. JPMorgan pointed out that the outflow of gold ETFs is mainly due to individual investors buying gold bars, while the growth of Bitcoin ETFs is mainly due to investors transferring funds from their original Bitcoin wallets. This underestimates the amount of gold purchased by individual and private investors in the form of gold bars and coins, while overestimating their Bitcoin purchases.

BlockBeats news, on January 13th, Morgan Stanley strategist Nikolaos Panigirtzoglou said in an interview with The Block that in order for the Securities and Exchange Commission (SEC) to approve the Ethereum ETF spot in May, Ethereum needs to be classified as a commodity (similar to Bitcoin) rather than a security. But this is far from certain, and he believes that the possibility of the SEC classifying Ethereum as a commodity before May will not exceed 50%.

Major financial institutions such as JPMorgan and HSBC are increasing their blockchain-related activities ahead of schedule, accelerating the adoption of distributed ledger technology in traditional finance. In November, JPMorgan made its first decentralized finance trade on a public blockchain and introduced programmable payments for its institutional blockchain platform, JPM Coin. JPMorgan Chase and Apollo executives also revealed plans for a tokenized enterprise mainnet. HSBC has also been active, testing tokenized deposits with Ant Group and partnering with Ripple-owned tech firm Metaco to hold tokenized securities on its new custody platform. The growing interest from major financial companies indicates that the potential of DLT is gaining momentum, with some seeing a pathway to re-engineering global financial markets.

Jamie Dimon, CEO of JPMorgan Chase, strongly opposes cryptocurrency and stated, "If I were a government, I would shut down cryptocurrency."

JPM, the official token of JPMorgan, has recently been added to the blockchain payment network Partior.It is reported that Partior is an interbank payment network launched in Singapore by JPMorgan, DBS Bank, Temasek, and Standard Chartered Bank. It is designed as a wholesale system for multiple banks and currencies, with each bank controlling its own node, allowing customers to use blockchain assets for value transactions between these banks. The inclusion of JPMorgan's token in Partior may increase its usage.

According to CoinDesk, JPMorgan (JPM) stated in a research report that the settlement between Binance and the US government is positive for the cryptocurrency industry and the exchange. The report states that for the wider market, the settlement "will greatly reduce potential systemic risks arising from the assumed collapse of Binance". Analysts led by Nikolaos Panigirtzoglou wrote, "It also strengthens the US authorities' goal of continuing to shift towards regulated crypto entities and tools after the collapse of FTX."The analysts added that once the impact of the settlement on Binance's operations and business model becomes clearer, its market share losses should be controlled and may even be partially reversed.

On November 24th, JPMorgan (JPM) stated in a research report on Thursday that the settlement between Binance and the US government is positive for the cryptocurrency industry and trading platforms. The report stated that for the wider market, it will significantly reduce the potential systemic risks assumed by the collapse of Binance. This shift towards regulated cryptocurrency companies and products is positive as more regulation will attract investors from the traditional financial sector. The agreement also reduces the uncertainty of cryptocurrency exchanges, which will benefit their trading and BNB chain business.

Takis Georgakopoulos, Global Head of Payments at JPMorgan, plans to further expand the use of JPM Coin. The token processes transactions worth around $1 billion per day. Georgakopoulos stated that the next step is to consider creating a more retail version to bring the same efficiency to consumers. JPM Coin is a service offered by JPMorgan that allows wholesale clients to make payments in US dollars and Euros through a private blockchain network. This is one of the few real-time blockchain applications implemented by large banks. In addition, the company is also running a blockchain-based repo application and researching digital deposit tokens to accelerate cross-border settlements.

The Tokenized Collateral Network enables the conversion of traditional assets into digital assets and makes way for faster and more secure on-chain settlements.

JPMorgan has unveiled its Tokenized Collateral Network (TCN), a platform built on its Onyx blockchain that aims to streamline securities settlement between major institutions. The platform recently settled its first trade between BlackRock and Barclays, with BlackRock using TCN to tokenize shares in one of its money market funds and transfer them to Barclays as collateral for an over-the-counter derivatives trade. By tokenizing assets on a blockchain, TCN aims to allow instant transfer of collateral, reducing the time taken through traditional settlement channels. JPMorgan plans to expand the scope of assets used as collateral between institutions, including equities and fixed income.