JPMorgan: Q1 crypto fund flows dropped to $11 billion, only one-third of last year's amount year-over-year

ME News message, April 4 (UTC+8), JPMorgan analysis says that in Q1 2026, digital asset fund flows were about $11 billion, only about one-third of the same period last year, indicating a clear slowdown in market momentum. Based on annualized figures at the current pace, full-year fund flows may be around $44 billion, far below the historical peak of about $130 billion in 2025. In terms of fund structure, the main sources of inflows this quarter are corporate balance-sheet allocations (especially companies like Strategy continuing to buy Bitcoin) and crypto venture capital funds, while participation from traditional investors (including institutions and retail) has clearly declined. In addition, weakening CME Bitcoin futures positions reflect institutional demand turning negative; spot Bitcoin and Ethereum ETF outflows occurred in January, and although there was some inflow in March, the overall picture still looks weak. The analysis believes the current market shows structural characteristics of “a few large funds dominating,” rather than broad fund inflows returning. (Source: ChainCatcher)