July Digital Inflows Strongest This Year

The month saw minor outflows from short positions.

Takeaways

• Digital asset investment products saw inflows totalling US$81m last week, signifying the 5th consecutive week of inflows totalling US$0.53 billion.
• July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m.
• Bitcoin saw inflows totalling US$85m last week while short-Bitcoin saw outflows totalling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows.

Digital asset investment products saw inflows totalling US$81m last week, signifying the 5th consecutive week of inflows totalling US$0.53 billion, or 1.6% of total assets under management (AuM). July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m.

Regionally the majority of inflows were from North America with inflows in both the US and Canada totalling US$15m and US$67m respectively. Brazil and Sweden both saw minor outflows.

Bitcoin saw inflows totalling US$85m last week while short-Bitcoin saw outflows totalling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows.

Multi-asset investment products, unusually, saw outflows for the second consecutive week totalling US$3.7m, suggesting investors are becoming more targeted in their investment.

Solana saw minor inflows totalling US$1.5m, remaining the investor favourite for this year with year-to-date inflows totalling US$114m. Polkadot also saw inflows totalling US$0.4m last week.

Despite a more bullish mood in digital assets, trading activity remains very low, with last week’s volumes totalling US$1.3bn compared to this years weekly average of US$2.4bn.

Contact James Butterfill at [email protected]