#GateSquareAprilPostingChallenge

The inflow of funds into crypto assets has decreased threefold — JPMorgan.
According to their forecasts, if current trends continue, the total inflow by the end of the year could be around $44 billion versus approximately $130 billion in 2025.
Most of the inflow in the first quarter came from purchases of Bitcoin by large investors, including the largest corporate holder of BTC, the company Strategy, and crypto venture funds. At the same time, activity among private investors remained restrained, while in some segments there was an outflow of funds.
Analysts noted an increase in demand concentration: large players continue to accumulate assets, while some companies are reducing their investments or taking a wait-and-see position.
In the case of Strategy, this refers to a systematic accumulation strategy — the company funds Bitcoin purchases by issuing shares and plans to continue this practice.
Additional pressure on capital inflows came from mining companies, which in the first quarter acted as net sellers. In JPMorgan’s view, this was linked to tighter financing conditions and the need to maintain liquidity. In some cases, sales were also related to costs for business diversification, including projects in artificial intelligence.
Overall, according to analysts, the current situation indicates a slowdown in fund inflows and a change in the demand structure in the crypto asset market.
Earlier, CoinShares analysts reported that in early March, the inflow of capital into cryptocurrency exchange-traded products (ETP) amounted to $619 million, of which $521 million went to Bitcoin-based instruments.