Digital Assets See $30M In Inflows Last Week

Late reporting of trades from prior week saw inflows corrected from $12 million to $343 million.

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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$30m last week, while late reporting of trades from the prior week saw inflows corrected from US$12m to US$343m, marking the largest single week of inflows since November 2021.
  • Bitcoin saw inflows totalling US$19m last week with the prior week inflows corrected to US$206m, the largest single week inflows since May 2022.
  • Ethereum saw inflows totalling US$8m, while the corrected prior week data saw inflows totalling US$120m. These inflows mark the largest single week of inflows since June 2021.

 

 

Digital asset investment products saw inflows totalling US$27m last week, while late reporting of trades from the prior week saw inflows corrected from US$12m to US$343m, marking the largest single week of inflows since November 2021. This brings month-to-date inflows to US$394m and total assets under management (AuM) back to early June 2022 levels of US$30bn.

Regionally, the majority of inflows were from Switzerland totalling US$16m with the prior week seeing inflows totalling US$356m, while year-to-date inflows sit at US$577m, leaving it the favoured region for digital asset investors. Minor inflows were seen in both the US and Germany last week totalling US$9m and US$5m respectively.

Bitcoin saw inflows totalling US$16m last week with the prior week of inflows corrected to US$206m, the largest single week of inflows since May 2022. Short-Bitcoin saw inflows totalling US$0.6m, with recent positive price performance for Bitcoin pushing down its AuM to US$133m from July 13th peak of US$145m.

Ethereum saw inflows totalling US$8m, while the corrected prior week data saw inflows totalling US$120m. These inflows mark the largest single week of inflows since June 2021 and imply a turning point in sentiment after a recent 11-week run of outflows. It also suggests that as The Merge progresses to completion, investor confidence is slowly recovering.

 

 

 

 

 

 

 

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.