Crypto Fund Flows Resilient
Digital asset investment products saw inflows totaling $36 million despite last week's turmoil.
Takeaways
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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]
