Digital Assets Saw $742M of Inflows Over Last 4 Weeks

Digital Assets Saw $742M of Inflows Over Last 4 Weeks

The amount represents the largest run of inflows since the final quarter of 2021.

JamesButterfill310x310
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Head of Research and Investment Strategy
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Reviewed by: Lisa Barr
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Edited by: Lisa Barr

Takeaways

  • Digital asset investment products saw US$137m of inflows last week. Following a few late updates to prior weekly data, inflows for the last 4 weeks now total US$742m, representing the largest run of inflows since the final quarter of 2021.
  • Bitcoin saw inflows totalling US$140m, comprising 99% of all inflows. While short bitcoin investment products saw a 12th week of outflows of US$3.2m.
  • The recent price appreciation in Ethereum has not been followed with inflows, with US$2m outflows last week, remaining the asset with the most outflows year-to-date.

 

 

Digital asset investment products saw US$137m of inflows last week. Following a few late updates to prior weekly data, inflows for the last 4 weeks now total US$742m, representing the largest run of inflows since the final quarter of 2021. Trading volumes on investment products remain well above the year average of US$1.4bn, totalling US$2.3bn for last week. The volumes are currently making up a far greater proportion of total crypto volumes, comprising 11% last week compared to the 2% average.

Regionally, the inflows were focussed almost solely on North America, with inflows of US$109m and US$28m in the US and Canada respectively. While minor outflows were seen in Europe with the exception of minor inflows in Switzerland.

Bitcoin Inflows

Bitcoin saw inflows totalling US$140m, comprising 99% of all inflows. While short bitcoin investment products saw a 12th week of outflows of US$3.2m. A combination of recent price appreciation and outflows have seen short bitcoin total assets under management fall from their April US$198m peak to just US$55m.

The recent price appreciation in Ethereum has not been followed with inflows, with US$2m outflows last week, remaining the asset with the most outflows year-to-date. Altcoins, Solana, Polygon and Litecoin saw minor inflows of between US$0.5m, US$0.5m and US$.3m respectively.

 

 

 

 

 

 

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.