Ethereum Price Prediction: JPMorgan Builds On Ethereum While BlackRock Pulls $102M Out In One Day
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JPMorgan filed to launch JLTXX, a second tokenized Treasury fund on Ethereum structured to qualify as a reserve asset under the GENIUS Act, while ETH spot ETFs recorded $130.62M in outflows on May 12 led by BlackRock’s ETHA at $102.04M, bringing total net assets to $13.39B. Trading and derivatives activity increased—volume rose 12.32% to $38.86B and open interest climbed 3.69% with $48.77M of long liquidations versus $9.01M in shorts—and ETH traded around $2,300 inside a tightening rising wedge below the SAR and 100 EMA, suggesting adoption upside from tokenization but near-term price and liquidity pressure from ETF outflows.
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- JPMorgan filed to launch JLTXX, a second tokenized Treasury fund on Ethereum, structured to qualify as a reserve asset under the GENIUS Act
- ETH spot ETFs recorded $130.62M in outflows on May 12, led by BlackRock’s ETHA at $102.04M, as total net assets slipped to $13.39B
- Volume rose 12.32% to $38.86B with open interest up 3.69%, while shorts absorbed $9.01M in 24h liquidations against $48.77M for longs
Ethereum trades at $2,300 on May 13, holding inside a rising wedge on the daily chart as JPMorgan files its second tokenized Treasury fund on the network and spot ETFs post their largest single-day outflow in weeks.
ETH Daily Chart: Wedge Tightening Below the SAR and 100 EMA
The daily chart shows ETH recovering inside a rising wedge since the February low near $1,800. Price has reclaimed the 20 EMA at $2,311 and …
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