Tokenized funds hit $30B as JP Morgan, BlackRock drive Ethereum growth

Tokenized funds have reached a $30 billion market cap, driven largely by U.S. institutions such as JP Morgan and BlackRock choosing Ethereum for tokenized products. That institutional traction has boosted on-chain activity and market sentiment for ETH: an April 16 prediction-market contract for Ethereum at $2,700 is priced at 100% YES. Bitcoin prediction markets also reacted, with an April $80,000 contract rising to 46.5% YES (up from 30% the prior day). Short-term market metrics show $69,222 in 24-hour USDC volume for the Bitcoin contract and $53,608 estimated to move the price by 5 points. The story frames the $30B milestone as meaningful institutional capital entering blockchain infrastructure, likely supportive of higher ETH valuations, while noting regulatory moves by the SEC/CFTC could alter the pace of adoption.