Volume 156: Digital Asset Fund Flows Weekly Report

Positive sentiment continues with 6th week of inflows totalling US$261m

• Digital asset investment products saw inflows totalling US$261m, representing the 6th week of consecutive inflows that now totals US$767m, surpassing the total inflows of US$736m seen in 2022.
• Bitcoin saw the lion’s share of inflows, totalling US$229m, bringing year-to-date inflows to US$842m, likely buoyed by the increasing likeliness of a spot-based ETF in the US.
• Ethereum saw the largest inflows since August 2022, totalling US$17.5m.

Digital asset investment products saw inflows totalling US$261m, representing the 6th week of consecutive inflows that now totals US$767m, surpassing the total inflows of US$736m seen in 2022. This run of inflows now matches the July 2023 run of inflows and is the largest since the end of the bull market in December 2021.

US investors are beginning to participate, seeing the largest inflows of any region, totalling US$157m while Germany, Switzerland and Canada continued to see inflows of US$63m, US$36m and US$9m respectively.

Bitcoin saw the lion’s share of inflows, totalling US$229m, bringing year-to-date inflows to US$842m, likely buoyed by the increasing likeliness of a spot-based ETF in the US and weaker than expected macro data, bringing in to question the efficacy of US monetary policy. Short-bitcoin also saw inflows of US$4.5m, highlighting some investors see the recent rally as unsustainable.

Ethereum, which has endured a terrible run of outflows this year totalling US$107, saw the largest inflows since August 2022, totalling US$17.5m.

Other altcoins, such as Solana saw inflows totalling US$11m, while Chainlink saw inflows of US$2m, representing 17% of total assets under management. Polygon and Cardano also saw inflows of US$0.8m and US$0.5m respectively.

To access all our research click here.

To see the full detail report, click here.