Crypto Fund Flows Resilient

February 28, 2022

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]

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