Volume 170: Digital Asset Fund Flows Weekly Report
A record US$2.45bn inflows last week, AuM back to December 2021 levels
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- Digital asset investment products saw record weekly inflows, totalling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion.
- Regionally, the United States dominated with 99% of the inflows, totalling US$2.4bn.
- Investors in blockchain equity ETFs decided to take profits last week, seeing outflows totalling US$167m.
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Digital asset investment products saw record weekly inflows, totalling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion. These inflows, coupled with recent positive price moves, have elevated the total assets under management (AuM) to US$67 billion, marking the highest level since December 2021.
Regionally, the United States dominated with 99% of the inflows, totalling US$2.4bn. This represents a significant acceleration of net inflows, distributed widely among various providers, indicating an increasing interest in spot-based ETFs. Simultaneously, outflows from incumbent players have decreased dramatically. Other regions, such as Germany and Switzerland, experienced modest inflows of US$13m and US$1m respectively, while Sweden saw outflows totalling US$26m.
Bitcoin saw over 99% of the inflows although some investors took the opportunity to add to short-bitcoin positions, which saw US$5.8m inflows. Ethereum has also benefitted seeing US$21m inflows. The recent downtime from Solana has impacted sentiment, seeing US$1.6m outflows. Avalanche, Chainlink and Polygon saw inflows of US$1m, US$0.9m and US$0.9m respectively, standing out for having consistently seen weekly inflows this year.
Investors in blockchain equity ETFs decided to take profits last week, seing outflows totalling US$167m.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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