Solana Funds Eke Out Inflows

Overall digital asset investment products saw inflows totaling $109 million.

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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$109m last week despite recent price weakness and perceived negative impact from the looming conflict in Eastern Europe.
  • Avalanche, another smart contract platform and competitor to Ethereum, saw inflows totalling US$25m last week.
  • Multi-asset and Solana investment products saw inflows totalling US$9.4m and US$1.2m respectively.
  • Blockchain equities saw inflows totalling US$26m, with inflows across a broad selection of investment products.
Weekly Crypto asset Flows

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Flows by Provider

 

 

Flows by Assets

 

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 5th 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.

Weekly Crypto Asset Flows by Institution

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Weekly Crypto Asset Flows by Asset

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Digital Asset ETP & Mutual fund Net New Assets

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Crypto Asset Fund Flows as Percentage of Fund AuM

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Flows by Provider

 

Bitcoin ETP & Mutual Fund Tumover as % of Total Bitcoin

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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.