‘Morphing towards AI’ – JPMorgan reveals Wall Street’s growing crypto ETF bet
Understanding why ETFs are important to the crypto market.
Quick take
Read original at AMBCrypto JP Morgan Asset Management reported that AI-themed ETFs led inflows with $67 billion in assets under management, despite recent underperformance. The firm's chief ETF strategist, Jon Maier, noted that many themes are morphing towards AI. ETFs provide significant liquidity to markets, with a 28% share of total US exchange volume.
Summarised by netranta from AMBCrypto. Open the original for the full story.
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