Altcoins Lead Fund Flows

A broad set of altcoins saw inflows, such as Solana, Polkadot and Cardano.

JamesButterfill310x310
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Head of Research and Investment Strategy
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Reviewed by: James Butterfill
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Edited by: James Butterfill

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]

James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an investment strategist at CoinShares. Previously, he was head of research at ETF Securities, with prior experience as a multi-asset fund manager and investment strategist at Coutts & Co., HSBC & ING Barings. James is a regular media commentator, and frequently appears on Bloomberg TV, CNBC, BBC and other broadcast outlets. Investment Week awarded him best ETF Eesearch and best FX Research in 2016 and 2017, respectively. James is currently an investment strategist at CoinShares, writing research white papers on investment themes, identifying investment opportunities and helping investors understand the digital asset world.