Crypto Today: ETP Inflows, JPMorgan Tokenized MMF, UK Rules
Digital asset investment products recorded a third consecutive week of net inflows, JPMorgan launched a tokenized money market fund on Ethereum, and the United Kingdom outlined plans to bring crypto within its financial regulatory framework by October 2027.
Crypto ETPs see third week of net inflows, led by U.S. demand
Crypto exchange-traded products drew approximately $864 million in net inflows last week, according to a CoinShares report published on Monday.
By region, the United States accounted for about $796 million, followed by Germany with roughly $68.6 million and Canada with approximately $26.8 million. Combined, the three markets represented about 98.6% of year-to-date inflows into digital asset investment vehicles.
Switzerland-listed crypto ETPs posted around $41.4 million in weekly outflows, while year-to-date net flows stood at about $622.4 million, the data showed.
Bitcoin (BTC) investment products took in roughly $522 million last week. In contrast, short-Bitcoin products saw net outflows of about $1.8 million, which CoinShares said indicated improving sentiment.
Ether (ETH) registered around $338 million in weekly inflows, bringing year-to-date inflows to about $13.3 billion, up 148% from 2024. Beyond Bitcoin and Ether, Solana (SOL) products added approximately $65 million for the week, lifting year-to-date inflows to roughly $3.46 billion, a tenfold increase from the prior year. XRP (XRP) products also attracted new capital, with about $46.9 million last week and approximately $3.18 billion year-to-date, according to CoinShares.
Among smaller-cap products, Aave (AAVE) saw about $5.9 million in weekly inflows and Chainlink (LINK) added roughly $4.1 million, while Hyperliquid (HYPE) products recorded net outflows of around $14.1 million.
This marked the third straight week of inflows, following about $716 million the previous week and roughly $1 billion the week before that. Bitcoin products have accumulated around $27.7 billion in inflows year-to-date, below the $41 billion recorded in 2024.
Flows by Exchange Country. Source: CoinShares
JPMorgan debuts tokenized money market fund on Ethereum
JPMorgan launched its first money market fund on a public blockchain through its $4 trillion asset management unit. The My OnChain Net Yield Fund, trading under the ticker MONY, is available on the Ethereum network, the bank said on Monday.
Issued via Kinexys Digital Assets, JPMorgan’s tokenization platform, MONY is a 506(c) private placement that enables qualified investors to subscribe through the firm’s institutional platform, Morgan Money, to earn U.S. dollar yields.
John Donohue, head of global liquidity at J.P. Morgan Asset Management, said tokenization via Morgan Money can accelerate and streamline transactions by adding new capabilities to traditional products.
With the launch of MONY, the bank said it is the largest global systemically important bank to introduce a tokenized money market fund on a public blockchain. The structure is intended to increase transparency, enable peer-to-peer transferability, and potentially expand collateral use within blockchain-based workflows. Donohue described the move as a meaningful step toward how assets may trade in the future, noting that qualified investors can access the fund and receive tokens at their blockchain addresses via Morgan Money.
J.P. Morgan Asset Management’s My OnChain Net Yield Fund (MONY) is issued through Kinexys Digital Assets and is available to investors via Morgan Money. Source: JPMorgan
UK aims to extend financial rules to crypto by October 2027: Reports
The UK government plans to introduce legislation on Monday to bring crypto firms under existing financial regulations by October 2027, overseen by the Financial Conduct Authority (FCA), the finance ministry told local media.
The Treasury proposed draft crypto legislation in April with only minor revisions since then. The framework would apply the same regulatory standards and consumer protections to crypto as those covering traditional financial products.
Chancellor Rachel Reeves said bringing crypto within the regulatory perimeter is a key step toward maintaining the UK’s position as a leading financial center in the digital era. She added that the bill sets clear rules, strengthens consumer protections, and aims to keep bad actors out of the UK market. Economic secretary Lucy Rigby said the UK intends to lead globally in digital asset adoption.
Rachel Reeves preparing to deliver the UK’s 2026 budget in November. Source: Prime Minister’s Office
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