Volume 138: Digital Asset Fund Flows Weekly Report

Bullishness continues with US$125m inflows

• Digital asset investment products saw a second week of inflows totalling US$125m, bringing the last two weeks of inflows to US$334m, representing almost 1% of total assets under management (AuM).
• Bitcoin remained the primary focus of investors, seeing inflows of US$123m, with the last 2 weeks inflows representing 98% of all digital asset flows.
• Short-bitcoin investment products continued to see outflows totalling US$0.9m, representing its 10th week of outflows.

Digital asset investment products saw a second week of inflows totalling US$125m, bringing the last two weeks of inflows to US$334m, representing almost 1% of total assets under management (AuM). Recent price appreciation saw AuM rise to US$37bn during the week, the highest point since early June 2022 and matching the average AuM for 2022. Trading activity remained high at US$2.3bn for the week, well above the US$1.5bn year-to-date average.

Bitcoin remained the primary focus of investors, seeing inflows of US$123m, with the last 2 weeks inflows representing 98% of all digital asset flows. Bitcoin investment products are now back to a net inflow year-to-date having been in a net outflow position of US$171m just 2 weeks ago. Despite recent price appreciation, short-bitcoin investment products continued to see outflows totalling US$0.9m, representing its 10th week of outflows which now represent 59% of AuM. Despite this recent bearishness for short-bitcoin, it remains the second best performing asset in terms of inflows year-to-date at US$60m.

A selection of altcoins saw minor inflows, Ethereum led with inflows totalling US$2.7m, followed by Cardano, Polygon and XRP. Multi-asset and Solana saw minor outflows of US$1.8m and US$0.8m respectively.

Blockchain equities saw inflows of US$6.8m following a 9-week run of outflows.

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