Volume 160: Digital Asset Fund Flows Weekly Report

Digital Asset Investments Surge with Record $1.76bn Inflows in 10 Weeks

• Digital asset inflows totalled $176 million last week, reaching a 10-week total of $1.76 billion, the highest since October 2021’s futures-based ETF launch in the US.
• Canada, Germany, and the US led with significant inflows, while Hong Kong experienced minor outflows; Asia overall saw year-to-date net outflows.
• Bitcoin saw $133 million in inflows, Ethereum $31 million, while blockchain equities marked their seventh consecutive week of inflows.

Digital asset investment products saw inflows totalling US$176m last week, marking the 10th consecutive week of inflows totalling US$1.76bn, or 4% of assets under management (AuM). This run of inflows is now the largest since October 2021, which saw the launch of the futures-based ETF in the US. Total AuM has risen by 107% this year so far, but at US$46.2bn, remains well below the all-time high of US$86.6bn seen in 2021. Trading volumes in ETPs remain high at US$2.6bn for the week, representing 12% of total Bitcoin volumes.

Regionally, the focus was Canada, Germany and the US, which saw inflows of US$79m, US$57m and US$54m respectively. Minor outflows were seen from Hong Kong totalling US$15m. Although the total AuM in the Asian region is small and the number of ETPs remains very low, year-to-date it is one of the only regions to see net outflows.

Bitcoin was the main beneficiary, seeing US$133m inflows, although short-bitcoin, after a 3-week run of outflows, saw inflows of US$3.6m last week.

Ethereum saw a further US$31m inflows last week, bringing this 5-week run to US$134m, and for the first time this year net flows are now positive at US$10m, following a long bout of negative sentiment.

Blockchain equities have 7 consecutive weeks of inflows, with last weeks US$17.4m inflow the largest since July 2022.

To access all our research click here.

To see the full detail report, click here.