First Inflows For Ether Funds After 10 Weeks

First Inflows For Ether Funds After 10 Weeks

Ethereum finally broke its nine-week spell of outflows with inflows totaling $21 million.

JamesButterfill310x310
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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$75m last week. There are some regional variances, with US$5.5m of outflows in the Americas and US$80.7m of inflows into European investment products.
  • Ethereum finally broke its 9-week spell of outflows with inflows totalling US$21m last week.
  • Recently created altcoin investment products, Terra, Tezos and Cosmos all saw inflows totalling US$2.2m, US$0.9m and US$0.6m respectively.
  • Blockchain equity investment products saw the largest flows since mid-December with inflows totalling US$69m last week.

 

 

 

Digital asset investment products saw inflows totalling US$75m last week, with the last 4 week run of inflows totalling US$209m, representing 0.4% of total assets under management (AuM). The inflows remain relatively minor in comparison to the inflows seen in Q4 2021. There are some regional variances, with US$5.5m of outflows in the Americas and US$80.7m of inflows into European investment products.

Bitcoin saw inflows totalling US$25m last week, marking a 4-week run of inflows, with the aforementioned regional variances focussing on Bitcoin.

Ethereum finally broke its 9-week spell of outflows with inflows totalling US$21m last week.

Multi-asset (coin) investment products remain popular with inflows totalling US$19m last week, while Solana and Ripple saw inflows totalling US$3.1m and US$2m respectively.

Recently created altcoin investment products, Terra, Tezos and Cosmos all saw inflows totalling US$2.2m, US$0.9m and US$0.6m respectively.

Blockchain equity investment products saw the largest flows since mid-December with inflows totalling US$69m last week.

 

 

 

 

 

 

 

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.