July Digital Inflows Strongest This Year

August 01, 2022

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]

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