Golden Finance reported that JPMorgan analysts said that crypto venture capital funding is expected to increase in 2025, but may not reach the levels of 2021 and 2022. Analysts note that while regulatory transparency in the United States and Europe is expected to encourage more investment, other factors are also creating new challenges for venture capital. Analysts point to competition from large institutions, high interest rates and the rise of platforms such as ETFs and Echo as key challenges facing venture capital firms. Going forward, crypto venture capital firms are expected to prioritize projects with tangible user adoption and focus on long-term growth rather than traditional short-term metrics such as total locked value and token economics, the analysis said.