Digital Asset Investments See Just $12M in Inflows
Apathy persists among investors, with the last five weeks of flows representing less than 0.05% of AUM.
Takeaways
- Digital asset investment products saw inflows totalling US$12m last week. Total assets under management (AuM) are now US$25bn, remaining just off their recent lows of US$24bn.
- Investor apathy is persistent, with the last 5 weeks of flows, be it inflows or outflows representing less than 0.05% of AuM.
- Bitcoin saw inflows totalling US$8.8m, while small it represents the 5th consecutive week of inflows.
- Short-Bitcoin investment products saw inflows totalling US$6.7m, implying a net neutral sentiment amongst investors.
Digital asset investment products saw inflows totalling US$12m last week. Total assets under management (AuM) are now US$25bn, remaining just off their recent lows of US$24bn. Investor apathy is persistent, with the last 5 weeks of flows, be it inflows or outflows representing less than 0.05% of AuM, compared to the year average of 0.16%.
Regionally, the US saw the largest inflows totalling US$20m, while Sweden and Switzerland saw outflows totalling US$5.2m and US$4.5m respectively.
Bitcoin saw inflows totalling US$8.8m, while small it represents the 5th consecutive week of inflows. This could be interpreted as marginally supportive were it for the resumption of inflows into short-Bitcoin investment products of US$6.7m, implying a net neutral sentiment amongst investors.
Apathy is also persistent in Ethereum which saw a second week of minor outflows totalling US$3.9m. Other altcoins also saw little activity, with outflows from Avalanche totalling US$0.6m and inflows into multi-asset and Binance totalling US$0.4m and US$0.3m respectively.
NB. There are minor (+/-3%) changes to historical figures due to accuracy improvements from data sources.
Contact James Butterfill at [email protected]
