Volume 77: Digital Asset Fund Flows Weekly Report
Outflows totalling US$120m, FTX Token Bucks the trend with inflows of US$38m
— Digital asset investment products saw outflows totalling US$120m, bringing total outflows in this 4-week run to US$339m.
— Bitcoin saw the majority outflows in what was the largest single week of outflows since June 2021.
— FTX Token, the utility token for the fast growing FTX crypto exchange, bucked the negative trend with inflows totalling US$38m last week, the largest of all crypto assets we track.
— Blockchain equities finally succumbed to the negative sentiment with outflows totalling US$27m.
Digital asset investment products saw outflows totalling US$120m, bringing total outflows in this 4-week run to US$339m. This doesn’t reflect the same bearishness seen at the beginning of this year, although it is close to the US$467m outflows witnessed. Regionally, the outflows were fairly evenly split between The Americas comprising 41% and Europe 59%.
Bitcoin saw the majority outflows in what was the largest single week of outflows since June 2021, at US$133m. It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline.
Ethereum saw outflows totalling US$25m last week, out of the 17 weeks this year, only 5 have seen outflows. Year-to-date outflows now sit at US$194m.
Most large altcoins saw minor outflows last week with minor inflows into Terra and Fantom totalling US$0.39m and US$0.25m respectively.
FTX Token, the utility token for the fast growing FTX crypto exchange, bucked the negative trend with inflows totalling US$38m last week, the largest of all crypto assets we track.
Blockchain equities finally succumbed to the negative sentiment with outflows totalling US$27m last week, only the third week to see outflows this year.
To read the full report, click here