Volume 166: Digital Asset Fund Flows Weekly Report
Net inflows into US ETFs total US$1.25bn since launch, incumbents suffering
- Digital asset investment products saw minor outflows last week totalling US$21m, although this top line number masks very high trading volumes which totalled US$11.8bn.
- Incumbent, higher cost issuers suffered in the US, seeing US$2.9bn of outflows, while newly issued ETFs have now seen a total of US$4.13bn inflows since launch.
- Blockchain equities saw further large inflows totalling US$156m, bringing the last 9 week run to US$767m.
Digital asset investment products saw minor outflows last week totalling US$21m, although this top line number masks very high trading volumes which totalled US$11.8bn in Bitcoin last week, 7 times the usual weekly trading volume in 2023. Regionally, the US saw US$263m of inflows, while Canada and Europe combined saw US$297m outflows, suggesting there has been minor migration of assets to the US, where fees are currently more competitive.
Bitcoin saw minor outflows totalling US$25m, although the US$11.8bn trading volumes represented 63% of all Bitcoin volumes on trusted exchanges, highlighting the ETP activity is currently dominating overall trading activity at present.
Incumbent, higher cost issuers suffered in the US, seeing US$2.9bn of outflows since the newly issued spot-based ETFs were launched on 11th January 2024. These newly issued ETFs have now seen a total of US$4.13bn inflows since launch, outstripping that lost from the higher cost incumbent ETPs. Investors saw recent price weakness as an opportunity to add to short-Bitcoin investment products, seeing US$13m inflows.
Altcoins suffered, with Ethereum and Solana seeing US$14m and US$8.5m outflows respectively.
Blockchain equities saw further large inflows totalling US$156m, bringing the last 9 week run to US$767m.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FedEx (FDX.US) delivers its first financial report after freight division spin-off: revenue and profit both exceed expectations, raises full-year guidance, announces new CFO
Thanks to rising package unit prices, increased business volume, and ongoing structural cost reduction measures, FedEx's revenue and profits for the quarter both exceeded Wall Street expectations. The company also raised its full-year earnings outlook for 2026.
After Two Weeks of Major Gains and Market Corrections, Are 5 Altcoins Ready for Another Post-FOMC Rally?
U.S. crude oil inventories fall for four consecutive weeks as exports surge; distillate stocks decline more than expected
According to U.S. EIA data, commercial crude oil inventories decreased by 1.9 million barrels for the week ending October 23, while market expectations were for an increase of 15,000–100,000 barrels. Exports rose by 1.4 million barrels per day. Distillate oil inventories fell by 1.5 million barrels, exceeding the market expectation of 900,000 barrels, making it difficult for diesel prices to find relief in the short term. Gasoline inventories unexpectedly increased by 3.9 million barrels, while the market had expected a decrease of 700,000 to 900,000 barrels. Amid escalating tensions in the Middle East, WTI rose by as much as 3.6% on Wednesday before pulling back.
Federal Reserve Announces No Change in Interest Rates; Waller Sends Cautious Signal; Market Still Bets on Rate Hike in December
The Federal Reserve announced on Wednesday that it will keep the benchmark interest rate unchanged, maintaining the federal funds rate target range at 3.75% to 4%, in line with widespread market expectations.
Crypto prices
More
