Bitcoin Fund Flows At Record High

Bitcoin inflows in this eight-week bull run now total US$2.8 billion, with year-to-date inflows now at a record US$6.4 billion.

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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

  • Digital asset investment products saw inflows totalling US$174m last week, marking the 12th consecutive week of inflows.
  • This brings year-to-date inflows to US$8.9bn, significantly greater than the US$6.7bn seen in 2020.
  • Bitcoin inflows in this eight-week bull run now total US$2.8bn, with year-to-date inflows now at a record US$6.4bn.
  • Tron, a digital platform focussed primarily on hosting entertainment applications, has seen inflows totalling US$79m over the last seven weeks, making it the eighth largest by AuM.

 

 

 

 

Digital asset investment products saw inflows totalling US$174m last week, marking the 12th consecutive week of inflows. This brings year-to-date inflows to US$8.9bn, significantly greater than the US$6.7bn seen in 2020. Total assets under management (AuM) have also reached a new all-time high of US$80bn.

Bitcoin saw inflows totalling US$95m last week representing the largest inflows of all digital assets. Inflows in this 8-week bull-run now total US$2.8bn with year-to-date inflows now at a record US$6.4bn.

Ethereum saw renewed positive sentiment with inflows totalling US$31m last week. Ethereum’s market share has suffered in recent months due to Bitcoin’s dominance, but the recent combination of positive price performance and inflow has seen their AuM rise to a record US$20bn.

Altcoins remain popular with markable inflows from Polkadot, Solana and Cardano totalling US$9.6m, US$8.5m and US$5m respectively. Polkadot inflows last week represent the largest weekly on record.

Tron, a digital platform focussed primarily on hosting entertainment applications, has seen inflows totalling US$79m over the last 7 weeks making it the 8th largest by 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.