Volume 171: Digital Asset Fund Flows Weekly Report

From CoinShares Research Blog by James Butterfill

The inflows continue with a further US$598m inflows last week

Digital asset investment products saw weekly inflows totalling US$598m, marking the fourth consecutive week of inflows. Year-to-date inflows have now surpassed the US$5.7bn mark, accounting for 55% of the record inflows witnessed in 2021. Earlier in the week, total assets under management (AuM) peaked at US$68.3bn, the highest point since December 2021, although still a way off the US$87bn all-time high seen in November 2021.

Regionally, the focus remains on the US, seeing most of the inflows at US$610m, impacted by incumbent issuer Grayscale, which saw further outflows totalling US$436m last week. Brazil and Switzerland saw minor inflows at US$8.2m and US$2.1m respectively, while both Canada and Sweden saw outflows totalling US$18m and US$8m respectively.

Bitcoin saw US$570m inflows last week, bringing year-to-date inflows to US$5.6bn, although recent price rises have prompted minor inflows into short-bitcoin positions which totalled US$3.9m.

Ethereum saw US$17m inflows last week, while Chainlink and XRP saw inflows of US$1.8m and US$1.1m respectively. Recent outages for Solana have likely impacted sentiment and consequently saw outflows of US$3m.

Blockchain equities continued to see outflows totalling US$81m last week, suggesting equity investors are a little cautious at present.