Volume 170: Digital Asset Fund Flows Weekly Report

James Butterfill
CoinShares Research Blog
2 min readFeb 19, 2024

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A record US$2.45bn inflows last week, AuM back to December 2021 levels

  • Digital asset investment products saw record weekly inflows, totalling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion.
  • Regionally, the United States dominated with 99% of the inflows, totalling US$2.4bn.
  • Investors in blockchain equity ETFs decided to take profits last week, seeing outflows totalling US$167m.

Digital asset investment products saw record weekly inflows, totalling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion. These inflows, coupled with recent positive price moves, have elevated the total assets under management (AuM) to US$67 billion, marking the highest level since December 2021.

Regionally, the United States dominated with 99% of the inflows, totalling US$2.4bn. This represents a significant acceleration of net inflows, distributed widely among various providers, indicating an increasing interest in spot-based ETFs. Simultaneously, outflows from incumbent players have decreased dramatically. Other regions, such as Germany and Switzerland, experienced modest inflows of US$13m and US$1m respectively, while Sweden saw outflows totalling US$26m.

Bitcoin saw over 99% of the inflows although some investors took the opportunity to add to short-bitcoin positions, which saw US$5.8m inflows. Ethereum has also benefitted seeing US$21m inflows. The recent downtime from Solana has impacted sentiment, seeing US$1.6m outflows. Avalanche, Chainlink and Polygon saw inflows of US$1m, US$0.9m and US$0.9m respectively, standing out for having consistently seen weekly inflows this year.

Investors in blockchain equity ETFs decided to take profits last week, seing outflows totalling US$167m.

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