Digital Asset Fund Flows Rebound

July 06, 2021

Takeaways

  • For the first time in five weeks, digital asset investment products saw inflows totalling US$63m last week.
  • And for the first time in nine weeks, inflows were seen across all individual digital assets implying a turnaround in sentiment among investors.
  • Bitcoin saw the most inflows totalling US$39m, with minor updates to the previous weeks’ data highlighting a two-week run of inflows.
  • While there were inflows last week, Bitcoin investment product trading turnover was the lowest since November 2020.

 

 

 

 

For the first time in five weeks, digital asset investment products saw inflows totalling US$63m last week. And for the first time in 9 weeks, inflows were seen across all individual digital assets implying a turnaround in sentiment among investors.

Bitcoin saw the most inflows totalling US$39m, with minor updates to the previous weeks’ data highlighting a two-week run of inflows now. While Ethereum, following three weeks of outflows, saw inflows totalling US$18m

Altcoins, such as XRP, Polkadot and Cardano all saw inflows of US$1.2m, US$2.1m and US$0.7m respectively.

While there were inflows into multi-digital asset investment products totalling US$0.6m, this was much smaller than previous weeks suggesting investors were less interested in diversification.

While there were inflows last week, Bitcoin investment product trading turnover was the lowest since November 2020. A similar observation was seen more broadly across the whole of the Bitcoin ecosystem with volumes down 38% relative to the average for 2021.

 

 

 

 

 

 

 

Contact James Butterfill at [email protected]

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