Digital Asset Funds Snap Inflows Streak

March 14, 2022

  • Digital asset investment products saw outflows totalling US$110m last week following a 7-week run of inflows.
  • US$80m of the outflows derived from North America with the outflows beginning at the start of last week suggesting they are a response to the US Presidential Executive Order to study digital assets more deeply.
  • Multi-asset (multi-coin) and blockchain equity investment products saw inflows totalling US$12m and US$4.1m last week and remain the most popular amongst investors.

Digital asset investment products saw outflows totalling US$110m last week following a 7-week run of inflows. US$80m of the outflows derived from North America with the outflows beginning at the start of last week suggesting they are a response to the US Presidential Executive Order to study digital assets more deeply. Given there has been little price response and that outflows of US$30m were also seen in Europe, highlights the reasons are unclear. Regulatory concerns and geopolitics remain at the forefront of investors’ concerns for digital assets.

Bitcoin saw outflows totalling US$70m last week off the back of low volumes. Investment products traded US$1bn last week compared the average US$1.24bn, representing just 5% of total bitcoin trading volumes.

Ethereum, on a relative basis saw the largest outflows last week, totalling US$51m, outflows year-to-date represent 1.2% of assets under management (AuM).

Solana, Ripple and Polkadot saw minor outflows totalling US$0.3m, US$0.7m and US$0.9m respectively while Cardano and Litecoin saw minor inflows of US$0.2m.

Multi-asset (multi-coin) and blockchain equity investment products saw inflows totalling US$12m and US$4.1m last week and remain the most popular amongst investors with inflows representing 3.2% and 6.7% of AuM respectively.

Flows by Provider

 

Flows by Provider

 

 

Flows by Assets

 

Weekly Crypto Asset Flows by Institution

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Weekly Crypto Asset Flows by Asset

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Digital Asset ETP & Mutual fund Net New Assets

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Crypto Asset Fund Flows as Percentage of Fund AuM

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Flows by Provider

 

Bitcoin ETP & Mutual Fund Tumover as % of Total Bitcoin

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Contact James Butterfill at [email protected]

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