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 digital asset fund flows in the first quarter of 2026 were about $11 billion, only around one-third of the same period last year, indicating a clear slowdown in market momentum. Based on annualized calculations at the current pace, full-year fund flows may be about $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 were corporate balance-sheet allocations (especially companies such as Strategy continuing to buy Bitcoin) and crypto venture capital, while participation from traditional investors (including institutions and retail investors) has declined markedly. In addition, weak positions in CME Bitcoin futures reflect a shift in institutional demand to the negative; spot Bitcoin and Ethereum ETFs saw outflows in January, and although there was some return in March, the overall picture remains sluggish. The analysis believes the current market shows a structural feature of “a few large funds dominating,” rather than broad-based fund inflows returning. (Source: ChainCatcher)