JPMorgan Reports Sharp Slowdown in Digital Asset Inflows

The first quarter of 2026 saw a significant slowdown in digital asset inflows, according to JPMorgan's report. The bank estimated that total inflows reached around $11 billion, which is roughly one-third of the pace seen in 2025. This decline in capital flow into digital assets is attributed to weakened investor demand.

The report highlights that investor-driven flows were notably weak during Q1 2026. Positioning in bitcoin and ether CME futures softened compared to previous years, suggesting institutional demand may have turned slightly negative year-to-date. Spot bitcoin and ether exchange-traded funds (ETFs) also saw net outflows during the quarter.

The majority of inflows during this period were driven by corporate treasury activity and venture funding. Strategy remained a dominant buyer, with bitcoin purchases largely funded through equity issuance. Other corporate holders were more defensive, selling bitcoin to fund buybacks.