JPMorgan says Q1 digital asset inflows slowed sharply to $11B

Capital inflows into the digital asset market slowed to an estimated $11 billion in the first quarter, a significant drop from the same period last year, according to a JPMorgan analysis. CoinDesk reported on the bank's recent note, which stated that the $11 billion figure represents an annualized run rate of about $44 billion, just one-third of the total inflow seen last year. JPMorgan noted that inflows from retail and institutional investors have been minimal or have even turned into net outflows since the beginning of the year. The majority of the first-quarter capital inflow was attributed to MicroStrategy's (MSTR) Bitcoin purchases and funding from some crypto-focused venture capital firms.