Volume 173: Digital Asset Fund Flows Weekly Report

From CoinShares Research Blog by James Butterfill

Weekly flows break records with US$2.7bn inflow

Digital asset investment products saw record weekly inflows totalling US$2.7bn, bringing total inflow year-to-date to US$10.3bn, just shy of the record US$10.6bn inflows for the whole of 2021. Weekly trading turnover reached US$43bn for the week, smashing last week’s record US$30bn. Recent price gains have pushed total assets under management (AuM) to a record high of US$94.4bn, having leapt 14% over the last week and rising 88% so far this year.

Regionally, the US saw US$2.8bn inflows, with Switzerland and Brazil following, seeing US$21m and US$18m inflows respectively. Canada, Germany and Switzerland all saw profit taking, with outflows of US$35m, US$77m and US$39m respectively.

Bitcoin remained the focus of investors, seeing US$2.6bn inflows with year-to-date inflows now representing 14% of total AuM. Despite recent price rises, the inflows into short bitcoin continue, seeing a further US$11m last week.

Solana, having endured a bout of negative sentiment saw US$24m inflows last week. Conversely, Ethereum, which is on a much better footing on year-to-date inflows saw minor outflows of US$2.1m last week. Other notable inflows were Polkadot, Fantom, Chainlink and Uniswap, seeing US$2.7m, US$2m, US$2m and US$1.6m respectively.

Blockchain equities saw minor outflows totalling US$2.5m.