Money does not flow into Ethereum ETF… JP Morgan "Only Market Capitalization Rises, Actual Use Stagnates"

After Ethereum's Pecta upgrade, the market capitalization increased, but the actual usability and investment inflow did not meet expectations, according to analysis. JP Morgan recently reported that the network activity remained stagnant after the upgrade, and capital inflow into the ETH spot ETF was also minimal.

According to the report, in the CME Ethereum futures market, where changes in institutional investment positions can be observed, there was a notable increase in long positions, but there was no particular flow detected in the spot ETF, where real funds should enter. This suggests a gap between institutional expectations for Ethereum and the perceived enthusiasm of individual investors.

The report added, "In the CME ETH futures market, which shows changes in institutional positions, long positions increased noticeably, but there was no significant capital inflow into the ETH spot ETF. This suggests that individual investors' interest in Ethereum remains low."

Although the market's attention temporarily increased after Pecta, as there are no significant changes in real-use indicators and investment fund flows, evaluations suggest that Ethereum's full-fledged rebound may be limited for the time being.