JPMorgan Chase launches a money market fund on Ethereum and strategy buys another billion dollars worth of Bitcoin.

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JP Morgan Chase is deepening its push into blockchain-based finance, rolling out its first tokenized money market fund directly

on Ethereum. dubbed my-on-chain net yield fund. The vehicle is seated with $100 million and marks

the first time a bank of this size has launched such a product on a public blockchain. The fund allows

qualified investors to park idle cash and earn yield with faster settlement times, offering redemptions in either

cash or circled USDC stable coin. While traditional competitors like BlackRock and Franklin

Templeton have already entered the space, J.P. Morgan's move signals a major validation of

public blockchains for institutional capital. Utility or privacy. The transparency of traditional

blockchains forces a difficult choice.

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Strategy continues its Bitcoin accumulation, adding another 10,645 coins to its bag last week for nearly $980 million.

This marks the second consecutive week.

The firm has deployed roughly $1 billion into the asset, funding the spree by aggressively

selling its own stock.

The purchase lifts the company's total treasury to over $671,000 to Bitcoin, valued at

roughly $50 billion.

Despite the heavy dilution required to fund these buys, the company shows no signs of

slowing down.

Strategy also confirmed it will remain in the NASDAQ 100 index and is actively pushing

back against proposals to exclude crypto-heavy balance sheets from global indices.

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