Quiet Week For Digital Asset Fund Flows

Takeaways

• Digital asset investment products saw minor outflows totalling US$4m last week in what was the quietest trading week since October 2020.
• Minor outflows were seen in Bitcoin totalling US$7m last week while trading volumes in investment products totalled just US$1.58bn for the week.
• In recent weeks there has been a regional divide in Bitcoin inflows with North American providers seeing consistent inflows while their European counterparts have continued to see outflows

Digital asset investment products saw minor outflows totalling US$4m last week in what was the quietest trading week since October 2020.

Minor outflows were seen in Bitcoin totalling US$7m last week while trading volumes in investment products totalled just US$1.58bn for the whole week, the lowest since October 2020.

In recent weeks there has been a regional divide in Bitcoin inflows with North American providers seeing consistent inflows while their European counterparts have continued to see outflows, suggesting a geographic divergence in sentiment at present.

Ethereum saw very minor inflows totalling US$0.8m while Binance and Cardano saw inflows of US$0.4m and US$0.6m respectively.

Multi-asset investment products were the most popular last week with inflows totalling US$1.2m. Inflows year-to-date now total US$362m representing 16.5% of AuM (assets under management), proportionally being larger than Bitcoin (15.6% of AuM) and Ethereum (9.9% of AuM). While the inflows remain relatively small in comparison to Bitcoin and Ethereum the data does imply that investors are increasingly looking to diversify their digital asset holdings.

Contact James Butterfill at [email protected]