Ethereum is trading near $2,300 as JPMorgan files a second tokenized Treasury fund on Ethereum, while spot ETH ETFs posted a $130.62 million daily outflow led by BlackRock. Markets are watching whether institutional adoption can offset short-term selling pressure.
Ethereum is trading near $2,300 as JPMorgan files a second tokenized Treasury fund on Ethereum, while spot ETH ETFs recorded a $130.62 million daily outflow led by BlackRock. The market now faces a tug-of-war between institutional adoption and near-term selling pressure.
JPMorgan filed a tokenized money market fund (JLTXX) with the SEC on May 12, following last week's XRP Ledger settlement test. The fund targets GENIUS Act-compliant stablecoin reserves, reinforcing institutional blockchain integration.
After using XRP Ledger for tokenized Treasury redemptions last week, JPMorgan files for JLTXX fund, a SEC-registered tokenized money market fund designed as GENIUS Act-compliant reserve for stablecoin issuers. XRP consolidates near $1.45.
JPMorgan leverages the XRP Ledger for a tokenized Treasury redemption, then files for JLTXX, a tokenized money market fund compliant with the GENIUS Act. The fund, running on Ethereum via Kinexys, sets a new standard for institutional blockchain integration and stablecoin reserve assets.
JPMorgan files with SEC to launch JLTXX tokenized money market fund, built for GENIUS Act compliance, using XRP Ledger for settlement of tokenized asset redemptions.
Following last week's XRP Ledger settlement pilot, JPMorgan filed with the SEC for a tokenized money market fund (JLTXX) designed as GENIUS Act-compliant reserves for stablecoin issuers. The fund uses XRPL for settlement and Ethereum for token hosting, marking a new blueprint for Wall Street-blockchain integration.
Stablecoins have evolved from crypto trading tools into global payment infrastructure, driven by institutional B2B demand. At Consensus 2026, Wall Street institutions signaled clear demand validation, with JP Morgan, Charles Schwab, and others actively building infrastructure. Regulatory clarity (CLARITY Act) and tokenized funds further cement the trend.
