Solana Funds Eke Out Inflows

Takeaways

Digital asset investment products saw inflows totalling US$109m last week despite recent price weakness and perceived negative impact from the looming conflict in Eastern Europe. Following the run of outflows in January, the latest data marks the 5^th week of inflows. While inflows were seen in both Europe and the Americas, it was predominantly the latter with inflows totalling US$101m.

Bitcoin saw the largest inflows totalling US$89m last week, the highest since December 2021. The inflows remain tepid, with the last 5 weeks of inflows totalling US$221m, representing 0.7% of total assets under management (AuM).

Multi-asset and Solana investment products saw inflows totalling US$9.4m and US$1.2m respectively last week and appears relatively insulated from outflows seen in other products.

Avalanche, another smart contract platform and competitor to Ethereum, saw inflows totalling US$25m last week. As this inflow represented trading on one single day, it is too early to tell if this represents broader appetite for the altcoin.

Blockchain equities saw inflows totalling US$26m, with inflows across a broad selection of investment products.

Contact James Butterfill at [email protected]