Saylor’s solo act: JPMorgan says Strategy is practically the only thing keeping crypto flows alive

Digital asset inflows totaled $11 billion in Q1, as institutional demand and ETF outflows left corporate buyers and venture capital as the primary sources of funding. What to know : JPMorgan estimated Q1 digital asset inflows at ~$11 billion, a sharp slowdown from 2025 levels. Investor demand weakened, with softer CME futures positioning and ETF outflows early in the quarter. Flows were driven mainly by Strategy purchases and concentrated VC funding, according to the report.