Digital Assets See Inflows Of $100M

Ethereum has now had nine straight weeks of outflows.

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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
  • Digital asset investment products saw inflows totalling US$100m last week, despite crypto prices range trading.
  • Bitcoin saw inflows totalling US$126m last week, bringing total inflows year-to-date to just past the half a billion mark at US$506m. Short Bitcoin saw inflows too, totalling US$1.3m last week.
  • Ethereum continues to suffer, with another week of outflows totalling US$32m. Ethereum has endured 9 straight weeks of outflows implying enduring negative investor sentiment.

 

 

Digital asset investment products saw inflows totalling US$100m last week, despite crypto prices range trading. The flows bring total assets under management (AuM) to US$39.8bn.

Regionally the flows were predominantly from the Americas, totalling US$88m while European flows totalled just US$11m, with year-to-date inflows of US$570m and outflow of US$41m respectively, suggesting European investors have been much more bearish this year so far.

Bitcoin saw inflows totalling US$126m last week, bringing total inflows year-to-date to just past the half a billion mark at US$506m. Short Bitcoin saw inflows too, totalling US$1.3m last week. While relatively small, the year-to-date inflows represent 30% of total AuM (US$55m), second only to Solana inflows.

Ethereum continues to suffer, with another week of outflows totalling US$32m. Ethereum has endured 9 straight weeks of outflows implying enduring negative investor sentiment. However, since the outflows began in December 2021, they only represent just under 7% of total AuM.

Multi-asset investment products saw inflows totalling US$4.3m and has seen consistent inflows during this bout of negative price action.

Altcoins saw virtually no inflows last week highlighting investors are flocking to the relative safety of Bitcoin.

 

 

 

 

 

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.