Altcoins Lead Fund Flows

February 07, 2022

Takeaways

  • Bitcoin continues to lead the inflows with $71 million last week, the largest since early December with this three-week run of inflows totaling $108 million.
  • Ethereum enters its ninth week of outflows, suggesting investors remain bearish.
  • A broad set of altcoins also saw inflows, such as Solana, Polkadot and Cardano, which saw inflows totaling $2.4 million, $2.2 million and $1.1 million, respectively.
  • Terra also saw its first significant inflows totallng $1.4 million last week, representing 26% of AUM.

 

 

 

Digital asset investment products saw inflows totaling $85 million last week, marking the third week of inflows totaling $133 million, suggesting continued positive sentiment among investors. Total assets under management (AUM) now total $52.4 billion, with Jan. 24 marking the low point in the most recent run of negative sentiment. While Europe has seen inflows (US$10.3 million), the majority has been from the Americas, particularly Brazil and Canada (US$75 million).

Bitcoin continues to lead the inflows, with $71 million last week, the largest since early December, with this three-week run of inflows totaling $108 million. Volumes in Bitcoin investment products remained low last week, at $1.8 billion versus $3.4 billion the previous week.

Investment products flows for Ethereum suggest investors remain bearish, with outflows of $8.5 millio, having entered the ninth week run of outflows totaling $280 million representing 2.2% of AUM.

A broad set of altcoins also saw inflows, such as Solana, Polkadot and Cardano, which saw inflows totaling $2.4 million, $2.2 million and $1.1 million, respectively. Terra also saw its first significant inflows, totaling $1.4 million last week, representing 26% of AUM.

 

 

 

 

 

 

 

Contact James Butterfill at [email protected]

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