Largest Inflows For Bitcoin Funds Since Dec. 2021

Digital asset investment products saw inflows totallng $127 million last week.

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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$127m last week, an uptick on the previous week, suggesting investors remain supportive of digital assets despite the recent geopolitical events.
  • In a similar manner to the previous week, the positive sentiment was centred in North America with inflows totalling US$151m versus outflows in Europe totalling US$24m.
  • Bitcoin saw inflows totalling US$95m last week, the largest single weekly inflow since early December 2021

 

 

Digital asset investment products saw inflows totalling US$127m last week, an uptick on the previous week, suggesting investors remain supportive of digital assets despite the recent geopolitical events prompting a sell-off in risk assets. In a similar manner to the previous week, the positive sentiment was centred in North America with inflows totalling US$151m versus outflows in Europe totalling US$24m.

Bitcoin saw inflows totalling US$95m last week, the largest single weekly inflow since early December 2021, and has now seen 7 consecutive weeks of inflows.

Ethereum saw inflows totalling US$25m last week, the largest in 13 weeks, and follows a run of mixed to negative sentiment since early December.

Multi-asset (multiple coins) investment products continued to see inflows which totalled US$8.6m last week. Multi-asset, on a relative basis, has seen the most inflows year-to-date, totalling US$104m, representing 3.6% of assets under management (AuM).

Altcoin fortunes were mixed last week, with outflows from Solana (US$1.7m), Polkadot (US$0.9m) and Binance (US$0.4m). While Litecoin, Cardano and XRP saw inflows totalling US$0.4m, US$0.9m and US$0.4m respectively.

Blockchain equities saw inflows totalling US$7.7m 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.