Takeaways

  • Digital asset investment products saw inflows of US$489m last week, the largest inflow since February this year. The high inflows conceal varied flows amongst providers, with many seeing outflows in Europe while their North American peers saw strong inflows.
     
  • The positive sentiment continued in Ethereum with inflows of US$30m, bringing total investment products under management to a record US$13.9bn.
     
  • Bitcoin Cash saw outflows of US$1.7m representing 10% of assets under management. It remains a laggard relative to other digital assets reflecting investor concerns as it falls out of the top 10 digital assets.

Fig1 Weekly Crypto Asset

 

Fig2 Flows Provider

 

Fig3 Flows Asset

 

Digital asset investment products saw inflows of US$489m last week, the largest inflow since February this year. The high inflows conceal varied flows amongst providers, with many seeing outflows in Europe while their North American peers saw strong inflows.

The varied inflows are primarily Bitcoin focused, where we believe some investors are beginning to take more optimistic positions after having range traded since February, while others have capitulated and taken profits.

Looking at individual digital assets, the greatest inflows were into Bitcoin with US$442m. The positive sentiment continued in Ethereum with inflows of US$30m, bringing total investment products under management to a record US$13.9m.

Ripple, Polkadot, Binance and Cardano products all saw minor inflows while multi-asset investment products saw inflows of US$9.2m last week.

Bitcoin Cash saw outflows of US$1.7m representing 10% of assets under management. It remains a laggard relative to other digital assets reflecting investor concerns as it falls out of the top 10 digital assets.

 

Fig4 Weekly Crypto Institution

(For a larger view, click on the image above)

 

Fig5 Weekly Crypto Asset Flows

(For a larger view, click on the image above)

 

Pot_ETFs_compare

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Pot_ETFs_compare

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Pot_ETFs_compare

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Fig9 Total bitcoin Turnover

(For a larger view, click on the image above)

 

Contact James Butterfill at [email protected]

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