Volume 153: Digital Asset Fund Flows Weekly Report

Sentiment steadily improving, with another week of inflows

• Digital asset investment products saw inflows for the 3rd consecutive week totalling US$15m, although trading volumes remain 27% below the 2023 average.
• Bitcoin saw US$16m inflows last week, bringing the year-to-date inflows to US$260m, while short-bitcoin saw inflows of US$1.7m last week too.
• Last week was not positive for altcoins in general, with Tezos, Litecoin and Chainlink seeing outflows totalling US$0.25m, US$0.28m and US$0.31m respectively.

Digital asset investment products saw inflows for the 3rd consecutive week totalling US$15m, although trading volumes remain 27% below the 2023 average. A regional divide persists, with continued minimal inflows into the US, while Europe saw net inflows totalling US$7m last week, Sweden being the only country to see outflows.

Bitcoin saw US$16m inflows last week, bringing the year-to-date inflows to US$260m, while short-bitcoin saw inflows of US$1.7m last week too. It is worth noting that our data, which is as of Friday’s close, was unlikely to capture the positive news out of the US regarding the SEC not appealing the Grayscale legal challenge, potentially paving the way for a spot-based ETF in the US.

Last week was not positive for altcoins in general, with Tezos, Litecoin and Chainlink seeing outflows totalling US$0.25m, US$0.28m and US$0.31m respectively. XRP saw modest inflows amounting to US$0.42 million. This marks the 25th consecutive week of inflows into XRP this year. The consistent inflows underscore the investment community’s support, especially considering successful legal challenges against the SEC.

Ethereum, despite the recent launch of a futures-based ETF, has seen little appetite from investors, with outflows of US$7.5m last week, correcting much of the inflows seen the prior week. This perhaps reflects ongoing protocol design concerns.

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