US ETFs Driving Digital Asset Fund Inflows
Digital asset investment products saw inflows totaling US$154 million last week.
Takeaways
- Digital asset investment products saw inflows totalling US$154m last week, with the most recent price correction, where Bitcoin prices fell by 12% over the week, seemingly not impacting the positive investor sentiment.
- The recently launched ETFs in the US saw over 90% of inflows into Bitcoin.
- Some altcoins, for the first time in many months saw minor outflows, such as Cardano which saw outflows totalling US$2.1m.
- Inflows into world computer assets suggest that investors favour Solana. By measure of total inflows over the last month, Solana has seen inflows totalling US$43m over the last month
Digital asset investment products saw inflows totalling US$154m last week, with the most recent price correction, where Bitcoin prices fell by 12% over the week, seemingly not impacting the positive investor sentiment.
Bitcoin continues to see the majority of inflows, totalling US$114m last week. This has helped it retain an assets under management (AuM) share of 67% over the last month amongst investment products. Although this has not been reflected in market prices, with Bitcoin having fallen 4% over the month versus Ethereum which rose 14% over the same period. This disparity may be due to the recently launched ETFs in the US where investment products saw 90% of inflows.
Ethereum saw inflows totalling US$14m last week, marking its 4th consecutive week of inflows totalling US$80m.
Some altcoins, for the first time in many months saw minor outflows, such as Cardano which saw outflows totalling US$2.1m.
Inflows into world computer assets suggest that investors favour Solana. By measure of total inflows over the last month, Solana has seen inflows totalling US$43m over the last month versus Cardano at US$23m.
Contact James Butterfill at [email protected]
