According to analysts at JPMorgan, crypto-focused exchange-traded funds (ETFs), particularly for Bitcoin (BTC), are expected to see inflows in 2026 that will far exceed those from 2025. Led by Nikolaos Panigirtzoglou, the analysis highlights a significant trend where capital flowing into the crypto market through ETFs reached a record high of $130 billion last year, driven by a growing interest in digital asset treasuries (DATs). DAT Companies Lead Crypto Inflows In 2025 Panigirtzoglou explained that the inflows observed in 2025 were largely attributed to Bitcoin and Ethereum (ETH) ETFs, which the analyst suggests were primarily fueled by retail investors, as well as Bitcoin acquisitions by DAT companies. In contrast, participation from institutional investors and hedge funds, as indicated by the buying activity in Bitcoin and Ethereum Chicago Mercantile Exchange (CME) futures, appeared to have declined compared to 2024. Related Reading: Zcash Foundation Investigation Closed: SEC Decision Sparks 12% Jump In ZEC Price The analysts noted that over half of the total digital asset inflows in 2025, approximately $68 billion, came from DAT companies. Another $23 billion was attributed to formal strategies, marking a slight increase from $22 billion in Bitcoin buying from the previous year. Notably, other DATs acquired about $45 billion in digital assets, a significant rise from just $8 billion in 2024. However, most of these purchases occurred earlier in the year, and by October, the momentum in crypto buying from DATs had markedly decreased. Crypto venture capital funding also contributed to the overall capital flows, though this area remained substantially lower than the peaks experienced in 2021 and 2022. While total crypto venture capital funding saw a modest increase in 2025 compared to 2024, the number of deals declined sharply, and investment activity became increasingly concentrated in later-stage funding rounds. JPMorgan further suggested that this muted growth in venture funding was, in part, due to the increasing allocation of capital toward DATs. Funds that might have otherwise been directed to early-stage startups were increasingly diverted toward treasury strategies that provide immediate liquidity. Regulatory Changes Anticipated To Boost Institutional Interest Looking forward, the analysts expect a rebound in institutional crypto flows in 2026, which could be spurred by the anticipated passage of additional regulatory measures, such as the Crypto Market Structure Bill (CLARITY Act) in the US. This anticipated legislation is expected to further entrench institutional adoption of digital assets, along with renewed institutional engagement in areas like venture capital funding, mergers and acquisitions, and initial public offerings (IPOs). Related Reading: Crypto Market Bill Draft Criticized For Allowing Continued Developer Prosecution However, the expected markup of this bill has been delayed late on Wednesday, as crypto industry leaders, including the cryptocurrency exchange Coinbase (COIN), have withdrawn their support for the legislation. This is attributed to issues related to key provisions, which the firm’s CEO, Brian Armstrong, has described as making this version “materially worse than the current status quo”. At the time of writing, the market’s leading cryptocurrency, Bitcoin, was trading at $96,050, having recorded gains of 10% over the previous fourteen days, as broader inflows have already returned to the market since the beginning of the year. Featured image from DALL-E, chart from TradingView.com
Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Below is the chart shared by the analyst that compares the two bull runs. The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator. The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each coin in the circulating supply has its value equal to the last time it changed hands on the network. In short, what the metric represents is the amount of capital that investors of the asset as a whole have put into it. Changes in this indicator, therefore, correspond to the entry or exit of capital into the network. As is visible in the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (colored in orange) has gone up alongside the latest price rally, indicating that capital has flowed into these coins. It’s also apparent that stablecoin flows (blue) have also noted an uptick, although the scale has been smaller. For stables, capital flow can be directly measured using the market cap, since their price is always pegged to $1 means that the Realized Cap never differs from the market cap. In the cryptocurrency sector, capital mainly comes in through three entry points: Bitcoin, Ethereum, and stablecoins. The altcoins usually only receive a rotation of capital from these assets. Since the flows related to the three have recently been positive, the market as a whole has been getting an injection of capital. In total, the aggregate capital inflows for the cryptocurrency sector have stood at $51.2 billion for the past month. This is certainly a sizeable figure on its own, but it pales in comparison to what was witnessed before. Related Reading: Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021 As Martinez has highlighted in the chart, the monthly capital flows peaked at almost $135 billion in the December 2024 Bitcoin rally above $100,000, more than double the latest number. Something to keep in mind, however, is the fact that the previous run was more explosive, while the latest one has come in two waves: an initial recovery surge above $100,000 that led into a consolidation phase and the current breakout into the $120,000 levels. This could, at least in part, explain why the metric has appeared relatively cool recently. Bitcoin Price At the time of writing, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Crypto investment products continued their strong momentum last week, recording $1.04 billion in inflows, according to the latest CoinShares report. This marks the 12th straight week of positive inflows, pushing the year-to-date total to $18 billion. The surge was accompanied by increased trading activity, with weekly volumes rising to $16.3 billion. As a result, the […]
The post Ethereum grows twice as fast as Bitcoin in latest $1B crypto fund inflow appeared first on CryptoSlate.
On-chain data shows the cryptocurrency market as a whole has witnessed capital inflows of nearly $19 billion while Bitcoin and others have gone through their recovery. Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month In a new post on X, analyst Ali Martinez has talked about the latest trend in the capital inflows for cryptocurrencies. In the digital asset sector, capital mainly flows in and out through three asset classes: Bitcoin, Ethereum, and the stablecoins. The altcoins usually only see a secondary rotation of capital from these coins. Related Reading: Bitcoin Sandwiched Between Major Support & Resistance Levels—Can Bulls Win Out? As such, the netflows related to the three of BTC, ETH and the stables can provide a sufficient-enough estimation for the situation of the entire cryptocurrency market. For calculating the capital inflows/outflows related to Bitcoin and Ethereum, the “Realized Cap” indicator can be used. The Realized Cap is an on-chain capitalization model that finds the total value of any asset’s supply by assuming the value of each individual token as the same as its last transaction price. This is different from the usual Market Cap, which just sums up the supply at the current spot price. In short, what the Realized Cap reflects is the amount of capital that the investors of the cryptocurrency as a whole have put into it. Changes related to the metric, therefore, reflect the inflow or outflow of capital. In the case of the stablecoins, the change in the Market Cap is enough to gauge the capital netflow. This is down to the fact that the Realized Cap is no different from the Market Cap for them, as a result of their price never varying from the fiat currency that they are pegged to. Now, here is the chart shared by the analyst that shows the trend in the 30-day aggregate cryptocurrency market netflow based on these indicators over the past month: As displayed in the above graph, the combined 30-day Bitcoin and Ethereum Realized Cap change is currently at a positive $12.58 billion. This means that these two cryptocurrencies have enjoyed a notable net capital inflow during the past month. Similarly, the stablecoins have seen a net inflow of $6.19 billion in the same period. Thus, it seems the digital asset sector as a whole has witnessed the incoming of $18.77 billion in capital. Related Reading: Bitcoin HODLer Selling Expected Around This Level, Report Says While this trend has occurred, Bitcoin and the other assets have gone through their price recovery runs, so it’s possible that as long as these inflows keep up, the rallies could be sustainable. It only remains to be seen how the investors will behave in the coming days, however, as it often doesn’t take much for sentiment to shift in the cryptocurrency sector. Bitcoin Price At the time of writing, Bitcoin is trading around $94,200, down 1% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin has continued its bearish price action as on-chain data shows the inflows into the cryptocurrency market have seen a sharp decline recently. Cryptocurrency Capital Inflows Have Seen A Notable Drop Recently As explained by analyst Ali Martinez in a new post on X, capital inflows for the cryptocurrency sector have slowed down over the past month. Capital enters (or exits) the digital asset market through mainly three asset classes: Bitcoin (BTC), Ethereum (ETH), and the stablecoins. It’s only once that inflows have made it to these coins that they rotate out into the altcoins. Related Reading: Bitcoin Short-Term Holders Now Capitulating: Bottom Here? Thus, the flows related to these assets could be assumed to represent the netflows for the cryptocurrency sector as a whole. As for how the flows can be calculated, the Realized Cap indicator can be used in the case of Bitcoin and Ethereum. The Realized Cap is an on-chain capitalization model that determines the total value of any given asset by assuming that the real value of any token in circulation is equal to the price at which it was last transacted on the network. The last transaction of any coin is likely to be the last point at which it changed hands, so the price at that time would denote its current cost basis. Since the Realized Cap sums up this value for all tokens in the circulating supply, it essentially measures the amount of capital that the investors as a whole have put into the asset. Bitcoin and Ethereum capital netflows can be equated with the changes taking place in this indicator. For stablecoins, there isn’t any need for this model as their price is always fixed around the $1 mark, so changes in their combined market cap serve as a sufficient method for finding capital flows. Now, here is the chart shared by the analyst that shows the trend in the 30-day flows related to the three asset classes over the last few months: As displayed in the above graph, the total netflows related to the cryptocurrency sector have been positive during the last few months, implying that a net amount of capital has been coming into the various assets. The 30-day inflows appear to have peaked last month, however, as they have since been following a downward trajectory. In this period, the metric’s value has declined from $134 billion to $58 billion, representing a decrease of more than 56%. Related Reading: Bitcoin Sentiment Plummets To Neutral: Reversal Signal? “This points to a significant reduction in investment activity,” notes Martinez. The slowdown in capital inflows could be why Bitcoin and other assets have switched to a bearish trajectory recently. BTC Price Bitcoin briefly fell under the $91,000 mark earlier in the day, but it appears the coin has since retraced back above it as its price is now trading around $91,800. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin has set a new all-time high (ATH) beyond the $98,000 level today, as on-chain data shows cryptocurrency inflows have rocketed up. Crypto Market Capital Inflows Now Sit At Almost $63 Billion Per Month According to the latest weekly report from the on-chain analytics firm Glassnode, the cryptocurrency sector has been observing the injection of […]
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date.
Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
CoinShares believe the turnaround is due to "weaker than expected macro data in the U.S."
Crypto investment products are up again in terms of inflows, giving the crypto industry a much-needed breather. Recent market dynamics have seen Bitcoin leading the surge of inflows into crypto investment products, signaling a possible resumption of bullish sentiment. James Butterfill, head of research at Coinshares, reported this inflow in a social media post. The statistics indicate that crypto investment products received inflows of $862 million over the timeframe spanning from March 23 to March 29 to reverse the record net outflows of $942 million set in the prior week. Unsurprisingly, most of the inflow went into Bitcoin, hinting at a potential buying opportunity for investors still waiting to get in on the asset during this bull run. Institutional Investors Pump $862 Million Into Crypto Market James Butterfill termed the inflow registered last week as a “recovery for ETFs.” This is rightly so, as these US-based Spot Bitcoin ETFs gave investors a scare in the prior week with lackluster inflow, hinting at the possibility that the bull run could be coming to an end. This led to crypto investment products bleeding for the first time after seven consecutive weeks of inflows. Related Reading: Forget Bitcoin, Altcoins Are The Winners Of This Cycle, Crypto Analyst Says However, it would seem the sentiment regarding Spot Bitcoin ETFs is now back to a very bullish outlook. As a result, Bitcoin registered $865 million in inflows to bring its year-to-date inflow to $12.83 billion. On the other hand, Ethereum and multi-asset products registered $18.9 million and $2.6 million in outflows, respectively, to offset some of the inflows registered by Bitcoin. Inflows of $6.1 million, $0.2 million, $0.3 million, $1.1 million, and $2.4 million were recorded for Solana, Litecoin, XRP, and Polkadot, respectively. Polkadot also registered an inflow of $2.4 million. Short Bitcoin products, on the other hand, witnessed outflows of $2 million. Source: CoinShares Buying Opportunity For Bitcoin? Bitcoin’s price surge for the past few months has largely been due to action surrounding Spot Bitcoin ETFs. Interestingly, last week’s inflow activity saw Bitcoin breaking into the $70,000 price territory multiple times last week. This bullish momentum wasn’t sustained, allowing the bears to create a resistance at around $71,000. Related Reading: Hedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000 Nevertheless, the inflow indicates something bullish might be brewing behind the scenes. Fundamentals surrounding the crypto point to a bullish price action throughout April, particularly as the next halving approaches. Bitcoin went through bearish price action over the weekend, correcting by almost 7% from $71,285. At the time of writing, Bitcoin has broken below a support at $68,500 and is now trading at $66,510. According to Santiment, the price dip has given crypto traders a sense of buying opportunity with calls of “buy and bullish” spiking across social media. Total market cap rises toward $2.4 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Mint, chart from Tradingview.com