13th Week Of Inflows For Crypto Funds

Takeaways

• Digital asset investment products saw inflows totalling US$151m last week, the 13th consecutive week of inflows, bringing year-to-date inflows to a record US$9bn.
• Bitcoin saw the majority of inflows totalling US$98m, pushing AuM to a record US$56bn.
• Altcoin inflows were led by Cardano, with inflows totalling US$16m last week although we cannot identify a discernible catalyst at this point.
• Although flows have been positive recently, we have witnessed subdued volumes in 2H, averaging US$750m daily versus US$960m in 1H 2021.

Digital asset investment products saw inflows totalling US$151m last week, the 13^th consecutive week of inflows, bringing year-to-date inflows to a record US$9bn. Intra-week prices rises also saw total assets under management (AuM) reach record highs of nearly US$87bn, but closing the week at US$83bn.

Bitcoin saw the majority of inflows totalling US$98m, pushing AuM to a record US$56bn, with inflows of US$6.5bn this year. This is despite its dominance (relative performance) versus altcoins waning over the week.

Ethereum also saw continued inflows totalling US$17m with total AuM pushing past US$21bn for the first time.

Altcoin inflows were led by Cardano with inflows totalling US$16m last week although we cannot identify a discernible catalyst at this point. The inflows are likely being due to increasing positive investor sentiment for “World computer” coins.

Solana, Polkadot and XRP also saw inflows totalling US$9.8m, US$5.2m and US$3.1m respectively.

Although flows have been positive recently, we have witnessed subdued volumes in 2H, averaging US$750m daily versus US$960m in 1H 2021.

Contact James Butterfill at [email protected]