Volume 72: Digital Asset Fund Flows Weekly Report
Sentiment recovers with record weekly inflows for the year totalling US$193m
· Digital asset investment products saw inflows totalling US$193m last week, the largest since mid-December 2021.
·Regionally, the majority (76%) of inflows came from Europe at US$147m, while the Americas lagged at US$45m.
· Investors focussed on Bitcoin which saw inflows totalling US$98m last week, bringing year-to-date inflows to US$162m.
· Solana saw the largest single week of inflows on record totalling US$87m, representing 36% of AuM.
Digital asset investment products saw inflows totalling US$193m last week, the largest since mid-December 2021. Following last week’s price recovery total assets under management (AuM) now sit at US$57bn. Regionally, the majority (76%) of inflows came from Europe at US$147m, while the Americas lagged at US$45m, with some providers continuing to see minor outflows. Trading volumes recovered to US$2.5bn for the whole of last week.
Investors focussed on Bitcoin which saw inflows totalling US$98m last week, bringing year-to-date inflows to US$162m.
Solana saw the largest single week of inflows on record totalling US$87m, representing 36% of AuM. AuM now sits at US$241m, making it the 5th largest investment product and the largest single altcoin other than Ethereum.
Unusually, multi-asset investment products, which have been relatively popular, saw outflows for only the second time this year, totalling US$5.5m last week.
Most other altcoins saw inflows last week, most notable were Cardano, Polkadot and relative newcomer ATOM, with inflows of US$1.8m, US$1.2m and US$0.8m respectively.
Blockchain equities mirrored digital asset investment products, with inflows totalling US$23m last week.
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