JPMorgan analysts have reported that digital asset flows reached approximately $11 billion in the first quarter of 2026, marking a significant decrease compared to the same period last year. According to The Block, the analysts attributed the majority of inflows to corporate treasury Bitcoin acquisitions and concentrated crypto venture capital funding, rather than contributions from retail or institutional investors. Additionally, the analysts noted a weakening in CME futures positioning and net outflows from spot Bitcoin and Ethereum ETFs during the quarter, particularly in January.