Crypto Fund Flows Resilient

Digital asset investment products saw inflows totaling $36 million despite last week's turmoil.

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

  • Digital asset investment products saw inflows totalling US$36m last week despite the ongoing turmoil in Eastern Europe.
  • Regionally, flows have been one-sided, with the Americas seeing inflows of US$95m while European investment products saw outflows totalling US$59m last week.
  • Volumes in Bitcoin crypto exchanges that trade the RUB/USD pair have seen volumes rise by 121% week-on-week.
  • Tezos was the only altcoin investment product to see inflows, which totalled US$4.4m, representing 14% of assets under management.

 

 

 

Digital asset investment products saw inflows totalling US$36m last week despite the ongoing turmoil in Eastern Europe and the anticipated negative sentiment. Interestingly, volumes in Bitcoin crypto exchanges that trade the RUB/USD pair have seen volumes rise by 121% week-on-week.

Regionally, flows have been one-sided, with the Americas seeing inflows (notably Canada & Brazil) totalling US$95m while European investment products saw outflows totalling US$59m last week.

Bitcoin saw inflows totalling US$17m last week, entering its 5th consecutive week of inflows totalling US$239m. Ethereum saw minor inflows totalling US$4.2m.

Unusually, most altcoins saw minor outflows last week. Solana and Litecoin were the primary focus of negative investor sentiment, with outflows totalling US$2.6m and US$0.5m, respectively.

Tezos was the only altcoin investment product to see inflows,which totalled US$4.4m, representing 14% of assets under management.

Multi-asset investment products saw inflows totalling US$14m last week and have been a stalwart this year, with year-to-date inflows surpassing Bitcoin at US$83m.

Blockchain equity funds continued to see inflows, totalling US$8m last week.

 

 

 

 

 

 

 

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.