[JPMorgan: Q1 Crypto Fund Flows Drop to $11 Billion, Only One-Third of Last Year’s Level] Odaily Planet Daily reports that JPMorgan analysis indicates digital asset fund flows in Q1 2026 were approximately $11 billion, only about one-third of the same period last year, showing a significant slowdown in market momentum. Based on the current pace, the annualized fund flow could be around $44 billion, far below the historical peak of approximately $130 billion in 2025. In terms of fund structure, the primary sources of inflows this quarter were corporate balance sheet allocations (particularly companies like Strategy continuing to purchase Bitcoin) and crypto venture capital funds, while participation from traditional investors (including institutions and retail investors) has noticeably declined. Additionally, CME Bitcoin futures positions weakened, reflecting negative institutional demand. Spot Bitcoin and Ethereum ETFs experienced outflows in January, with some inflows returning in March, but overall performance remains sluggish. The analysis suggests that the current market exhibits a structural characteristic of being "dominated by a few large funds" rather than a broad-based return of capital.