Digital Assets See Weekly Inflows Of $80M

Bitcoin saw the largest inflows, $70 million, for a fifth consecutive week of inflows.

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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$80m last week.
  • Total assets under management are now at US$72.3bn, their highest level on record.
  • Bitcoin saw the largest inflows, totalling US$70m, marking the 5th consecutive week of inflows.
  • Polkadot and Cardano saw continued inflows totalling US$3.6m and US$2.7m, respectively, while Ethereum saw minor outflows totalling US$1m.
Weekly Crypto asset Flows

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Flows by Provider

 

 

Flows by Assets

 

Digital asset investment products saw inflows totalling US$80m last week. These inflows, combined with positive price action over the week, have pushed total assets under management (AuM) to US$72.3bn, their highest level on record, surpassing the previous record of US$71.6bn set in May this year.

Bitcoin saw the largest inflows, totalling US$70m, marking the 5th consecutive week of inflows. The weekly inflows remain much lower than inflows seen in the first quarter of 2021, where there was much greater participation by US investors. The recent decision by the SEC to allow a futures-based ETF in the United States could prompt further significant inflows in the coming weeks as US investors begin to add positions.

Ethereum saw outflows of US$1m last week. Despite this being the second week of outflows, these flows are not significant to define a trend at present.

Other altcoins, such as Polkadot and Cardano, saw continued inflows totalling US$3.6m and US$2.7m, respectively.

 

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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Assets Under Management by Institution

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Bitcoin ETP & Mutual Fund Tumover as % of Total Bitcoin

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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.