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.

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Head of Research and Investment Strategy
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Reviewed by: James Butterfill
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Edited by: James Butterfill

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]

James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an investment strategist at CoinShares. Previously, he was head of research at ETF Securities, with prior experience as a multi-asset fund manager and investment strategist at Coutts & Co., HSBC & ING Barings. James is a regular media commentator, and frequently appears on Bloomberg TV, CNBC, BBC and other broadcast outlets. Investment Week awarded him best ETF Eesearch and best FX Research in 2016 and 2017, respectively. James is currently an investment strategist at CoinShares, writing research white papers on investment themes, identifying investment opportunities and helping investors understand the digital asset world.