Volume 172: Digital Asset Fund Flows Weekly Report

Massive inflows continue with a further US$1.8bn, US ETFs dominating

• Digital asset investment products saw the second largest weekly inflows on record totalling US$1.84bn. Trading volumes in investment products reached a record of over US$30bn for the week.
• 94% of the inflows were into Bitcoin, totalling US$1.73bn, although recent price moves saw short investors double down with a further US$22m inflows.
• Ethereum saw its largest weekly inflows since mid-July 2022 totalling US$85m last week, but AuM at US$14.6bn remains a way off the US$23.7bn peak.

Digital asset investment products saw the second largest weekly inflows on record totalling US$1.84bn. Trading volumes in investment products reached a record of over US$30bn for the week, and at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges. Total assets under management (AuM), after recent price rises, are now very close to the all-time high at US$82.6bn, just shy of the US$86bn peak set early November 2021.

The US continues to dominate, seeing net inflows totalling US$1.88bn. This was subdued partially by a pick-up in outflows from incumbent Grayscale, which saw outflows totalling US$1.46bn in its Bitcoin ETF. This was offset by new issuers, which saw a total US$3.2bn inflows last week. Flows were mixed in other regions, with Switzerland seeing US$20m inflows while Sweden, Germany and Canada all saw outflows totalling US$32m, US$35m and US$23m respectively.

94% of the inflows were into Bitcoin, totalling US$1.72bn, although recent price moves saw short investors double down with a further US$22m inflows into short-bitcoin investment products.

Ethereum saw its largest weekly inflows since mid-July 2022 totalling US$85m last week, but AuM at US$14.6bn remains a way off the US$23.7bn peak.

Polygon saw inflows of US$7.6m, representing 22% of AuM, while Solana saw outflows of US$12m.

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