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J.P. Morgan Launches $100M Ethereum-Based Tokenized Fund Amid Mixed Market Signals

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$2,985.610.02%
J.P. Morgan has launched a $100M Ethereum-based tokenized fund, MONY, set to open to external investors on December 16. The fund is built on the Ethereum blockchain and seeded with internal capital. Market performance remains mixed, with Ethereum ETFs seeing $224M in net outflows and fluctuating exchange inflows. Ethereum’s circulating supply now stands at 121.44 million ETH, while the broader market cap shows little movement.
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