JPMorgan’s New Ethereum Fund Tests Tom Lee’s $20K ETH Dream

Core Insights - JPMorgan Chase has launched a $100 million tokenized money-market fund on the Ethereum blockchain, indicating strong Wall Street support for Ethereum [1][2] - The OnChain Net Yield Fund is aimed at high-net-worth individuals and institutions, with minimum investment thresholds set at $5 million and $25 million respectively [2] - The demand for tokenization is increasing as regulatory clarity improves, with JPMorgan executives noting a rise in client interest [3][4] Fund Details - The tokenized money-market fund wraps traditional low-risk cash products in blockchain-based tokens, allowing for faster settlement and 24/7 operation [3] - JPMorgan's fund is part of a broader trend, with other firms like BlackRock and Franklin Templeton also launching tokenized funds, contributing to a growing market valued between $5 billion and $9 billion [5] Market Context - Ethereum currently hosts over 70% of the tokenized real-world asset value, highlighting its dominance in the space [6] - The launch of JPMorgan's fund is seen as a potential catalyst for Ethereum's price growth, with analysts suggesting it could significantly enhance Ethereum's market position [7]