Digital Assets Saw Inflows of $136M Last Week

Digital Assets Saw Inflows of $136M Last Week

Blockchain equities saw the largest inflows for a year, totaling $15 million.

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

Takeaways

  • Digital asset investment products saw US$136m of inflows last week bringing the last 3 consecutive weeks inflows to US$470m, fully correcting the prior 9 weeks of outflows
  • Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m.
  • Blockchain equities saw the largest inflows for a year, totalling US$15m.

 

 

Digital asset investment products saw US$136m of inflows last week bringing the last 3 consecutive weeks inflows to US$470m, fully correcting the prior 9 weeks of outflows, bringing year-to-date flows to a net positive US$231m. Trading turnover has slowed though, with investment products totalling US$1bn for the week compared to US$2.5bn average in the prior 2 weeks. These lower volumes may be due to the seasonal effects, where lower volumes are typically seen during July and August.

Bitcoin remains the focus amongst investors, with inflows totalling US$133m last week, while short-bitcoin saw outflows of US$1.8m, its 11th consecutive week, further demonstrating investors favour the asset over altcoins at present.

Ethereum saw inflows totalling US$2.9m last week, but has only marginally benefitted from improved investor sentiment. The last 3 weeks of inflows represent just 0.2% of total assets under management (AuM) compared to Bitcoin’s 1.9%, and remains in a negative net flows position year-to-date of US$63m. Despite this, short-Ethereum did see minor outflows of US$0.3m.

A range of altcoins saw inflows into Solana, XRP, Polygon, Litecoin & Aave, while both Cosmos and Cardano saw minor outflows.

Blockchain equities saw the largest inflows for a year, totalling US$15m.

 

 

 

 

 

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.