Largest Inflows For Bitcoin Funds Since Dec. 2021
Digital asset investment products saw inflows totallng $127 million last week.
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]
