Volume 174: Digital Asset Fund Flows Weekly Report
From CoinShares Research Blog by James Butterfill
Another record broken, with US$2.9bn inflows
- Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior week’s all-time record of US$2.7bn.
- This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn.
- Smart contracting suffered last week, with Ethereum, Solana and Polygon seeing outflows totalling US$14m and US$2.7m and US$6.8m respectively.
Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior weeks all-time record of US$2.7bn. This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn. Trading volumes totalled US$43bn for the week, the same as the prior week records and comprising a larger 47% of overall global bitcoin volumes. During the week global ETPs broke the US$100bn mark for the first time, although the price correction at the end of the week saw it settle at US$97bn.
Regionally, the US saw US$2.95bn inflows, with minor inflows into Australia, Brazil and Hong Kong of US$5m, US$24m and US$15m respectively. While Canada, Germany, Sweden and Switzerland saw a combination of US$78m in outflows last week. This year has not got off to a good start, having now seen US$685m in outflows so far.
Bitcoin saw US$2.86bn of inflows last week and now comprise 97% of all inflows year-to-date. While, short bitcoin saw its largest inflows in a year totalling US$26m, its 5th consecutive week.
Smart contracting suffered last week, with Ethereum, Solana and Polygon seeing outflows totalling US$14m, US$2.7m and US$6.8m respectively.
Blockchain equities saw inflows of US$19m, the first following a 6-week bout of outflows.
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.
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