Inflows Of $75M For Blockchain Equity ETFs
Digital asset investment products saw inflows totaling US$184 million last week.
Takeaways
- Digital asset investment products saw inflows totalling US$184m last week, although the sharp price weakness at the end of the week led to US$40m of outflows late Friday.
- Bitcoin saw inflows totalling US$145m last week although it suffered at the end of the week with outflows of US$42m on Friday and bore the brunt of investor jitters.
- Solana saw continued inflows totalling US$4.6m for the week, seemingly unaffected by the recent price jitters.
- Blockchain equity ETPs saw inflows totalling US$75m for the week.
Digital asset investment products saw inflows totalling US$184m last week, with prices in bitcoin falling 7% over the same period, suggesting investors continue to see recent price weakness as a buying opportunity. Although the sharp price weakness at the end of the week led to US$40m of outflows late Friday.
Bitcoin saw inflows totalling US$145m last week although it suffered at the end of the week with outflows of US$42m on Friday and bore the brunt of investor jitters.
Ethereum saw in flows totalling US$25m but, like Bitcoin, saw minor outflows of US$4.7m last Friday.
Polkadot, the coin that helps different blockchains interoperate, saw outflows totalling US$3m last week. The majority of outflows came in the latter half of the week, but it may also be due to uncertainty surrounding the parachain auctions which finalise on 17th December.
Solana saw continued inflows totalling US$4.6m for the week, seemingly unaffected by the recent price jitters.
Bitcoin volumes rose to US$15bn for Friday, above the typical US$8bn a day on average for November and December. We did not see a significant rise in investment product volumes, which were US$5.8bn for the whole week.
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Contact James Butterfill at [email protected]
