Spot Chainlink (LINK) ETFs have yet to record a single day of net outflows since launch. On May 11, the funds attracted $1.91 million in net inflows, lifting their combined holdings to about 1.63% of LINK's total market cap. That translates to more than $126 million worth of LINK held across just two ETFs, from Grayscale and Bitwise.

The first exchange-traded fund tied to Hyperliquid began trading, with an analyst describing its debut session as "very solid".

JPMorgan is set to launch its second Ethereum-based tokenized money market fund, the OnChain LiquidityToken Money Market Fund (ticker: JLTXX), according to Odaily Planet Daily. The fund will mainly invest in U.S. Treasury securities and overnight repurchase agreements backed by U.S. Treasuries or cash. JPMorgan said the product is designed to help stablecoin issuers satisfy qualified reserve asset requirements under the GENIUS Act. The fund's blockchain infrastructure will be operated by Kinexys Digital Assets, a JPMorgan subsidiary. For now, Ethereum is the only network available to investors, though the bank said it is not ruling out support for additional blockchains in the future. JLTXX marks JPMorgan Chase's second tokenized money market fund on Ethereum after last year's MONY. While MONY is positioned for institutional on-chain cash management, JLTXX is aimed more squarely at stablecoin reserve asset use cases.

Momentum is building in the Ripple ecosystem. The five U.S.-listed spot XRP ETFs opened the week with a sharp jump in demand, posting roughly $25.8 million in net inflows on May 11. The strong print extends last week's run, when the funds drew $34.21 million in net inflows. Spot ETFs now account for about 1.3% of XRP's total market capitalization, a new record high.

JPMorgan Asset Management has filed to launch a second tokenized money market fund on Ethereum, extending its effort to offer blockchain-enabled liquidity products to institutional investors. The proposed vehicle, the JPMorgan OnChain Liquidity Token Money Market Fund, is expected to trade under the ticker JLTXX. According to the filing, the fund's objective is to generate current income while preserving liquidity and the stability of principal. The fund appears under JPMorgan Trust IV's J.P. Morgan Money Market Funds prospectus, with Token Class shares dated May 13. JLTXX would invest solely in U.S. Treasury bills, notes and bonds, along with overnight repurchase agreements fully collateralized by U.S. Treasuries or cash. The fund aims to maintain a $1 net asset value and will invest only in U.S. dollar-denominated securities. Blockchain technology would be used to allow investors to submit transaction requests for fund shares. Kinexys Digital Assets, a business unit within JPMorgan Chase Bank, will design, deploy and maintain the blockchain infrastructure. The filing states the tokenization framework will not replace traditional fund recordkeeping: the transfer agent will keep the official ownership record in book-entry form, while token balances linked to investor blockchain addresses are intended to mirror fund shares on a one-for-one basis. In any discrepancy, the official investor register would control. Ethereum is currently the only blockchain available for investor use, though JPMorgan said it expects to add support for other blockchains over time. The structure relies on a permissioned layer on top of public blockchains, requiring investors to transact using approved addresses. The filing follows JPMorgan's launch of the My OnChain Net Yield Fund (MONY), its first tokenized money market fund on Ethereum. Barron's reported MONY was seeded with $100 million from JPMorgan and targeted qualified investors. The new proposal signals a broader push to bring tokenized cash products into mainstream asset management by using Ethereum as a transaction and token-balance layer around a regulated money market fund, rather than as the legal record of ownership.

DTCC, a cornerstone of U.S. market infrastructure, is making what it describes as its biggest blockchain push yet, aiming to move Wall Street's back-office collateral processes closer to a 24/7 operating model. The firm said Tuesday it will integrate Chainlink infrastructure into its digital collateral platform. DTCC's collateral management initiative, Collateral AppChain, will use Chainlink's runtime environment and data standards to support near-real-time collateral management across global markets and blockchain networks. DTCC expects the platform to go live in the fourth quarter of 2026. The announcement expands an existing relationship between the two organizations. It follows Smart NAV, a 2024 pilot in which DTCC and Chainlink tested moving mutual fund net asset value data onto a blockchain, with JPMorgan Chase, Franklin Templeton and BNY Mellon participating. DTCC said its objective is to reduce delays and fragmentation in today's collateral system, where assets can become stuck across institutions and time zones. By tokenizing collateral and using smart contracts to automate workflows, the setup is designed to enable near-real-time movement of collateral between traditional financial markets and blockchain networks. "By modernizing collateral liquidity through tokenization and distributed ledger technology (DLT), our goal is to enable around-the-clock, near-realtime collateral management across global markets and blockchains," said Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC. She added that integrating Chainlink's CRE and data standards is intended to provide a unified on-chain environment that can pull in asset prices, valuations and other collateral protocol data. Chainlink's runtime environment will provide orchestration, data access and automation for AppChain, supporting processes such as eligibility checks, asset valuation, margin calculation, collateral optimization and settlement. DTCC said the approach avoids building one-off connections to each data source and instead offers a reusable framework that can expand to new data types, asset classes and collateral use cases. DTCC's scale highlights the potential impact. In 2025, it processed $47 trillion in securities transactions and held $114 trillion in securities from more than 150 countries. DTCC recently said more than 50 companies have joined an independent working group tied to its tokenization platform, with a limited real-time trading test planned for July and a full launch scheduled for October. Chainlink's native token, LINK, fell more than 3% on the day to $10.22, though it is up 17% over the past month.

Galaxy Digital, the digital asset firm led by Mike Novogratz, and Sharplink, an ETH-focused treasury company, said they have signed a nonbinding memorandum of understanding to create the Galaxy Sharplink Onchain Yield Fund. The proposed private fund will target returns from DeFi liquidity protocols and other onchain yield strategies. Galaxy is set to serve as investment manager, with a launch expected in the coming weeks. Total commitments are expected to reach $125 million, made up of $100 million sourced from Sharplink's staked Ethereum treasury and $25 million from Galaxy. The mandate will seek higher-yield opportunities across blockchain-based financial markets by allocating capital to selected onchain applications, allowing Sharplink to keep its ETH exposure while pursuing actively managed onchain returns. Galaxy said protocol selection, position sizing, and ongoing monitoring will be conducted under its institutional research and risk management framework, which it also applies across lending, trading, and asset management. The firm added it has deployed hundreds of millions of dollars into onchain strategies since 2020 and is among the largest publicly traded companies allocating capital to decentralized finance and related blockchain investment opportunities. "Institutional capital is moving onchain, and the infrastructure to support it has matured to a point where allocators can access yield, liquidity, and risk management with the same rigor they expect in traditional markets," Novogratz said. He added that Sharplink has built one of the largest Ethereum treasuries among public companies and that the partnership aims to compound its core ETH position. Sharplink Chief Investment Officer Matthew Sheffield described the initiative as an extension of the company's treasury strategy into more active approaches. Sharplink ranks as the second-largest Ethereum treasury company, holding about 868,700 ETH, behind Bitmine at roughly 5.21 million ETH. Separately, Sharplink reported first-quarter 2026 revenue of $12.1 million, up from $0.7 million a year earlier, attributing the increase primarily to its Ethereum treasury strategy. The company also posted a net loss of $685.6 million, largely tied to unrealized accounting losses and impairment charges driven by weaker ETH prices. Sharplink said the losses were non-cash under accounting rules and did not reflect ETH sales at a loss or a reduction in its Ethereum holdings.

Ethereum developers have put forward a proposal to end "blind signing", a technical feature that has been linked to potentially billions of dollars in losses.

JPMorgan has filed to launch a tokenized money market fund on the Ethereum blockchain.