JPMorgan Observes Stabilization in Bitcoin and Ethereum ETF Flows

According to BlockBeats, on January 9, JPMorgan indicated that the previous 'de-risking' process in the crypto market might be nearing its end, with Bitcoin and Ethereum ETF flows showing signs of stabilization. Led by Managing Director Nikolaos Panigirtzoglou, JPMorgan's analysis team noted in their latest report that despite outflows from BTC and ETH ETFs in December 2025, global equity ETFs experienced a historic monthly net inflow of $235 billion during the same period. However, as of January 2026, several indicators have begun to improve. The report highlights that Bitcoin and Ethereum ETF flows are showing 'bottoming signs,' while perpetual contracts and CME Bitcoin futures position indicators suggest that selling pressure is easing. Analysts believe that the phase of simultaneous reduction by retail and institutional investors likely concluded in the fourth quarter of 2025. Additionally, JPMorgan pointed out that MSCI's decision in its February 2026 index review to not exclude Bitcoin and crypto asset reserve companies from global stock indices has provided 'at least temporary relief' to the market, benefiting companies like Strategy. The report also refuted claims that the recent crypto market pullback was due to deteriorating liquidity. JPMorgan believes the real trigger was MSCI's October 10 announcement regarding MicroStrategy's index status, which initiated systemic de-risking operations. Current signs indicate that this process is largely complete.