Volume 173: Digital Asset Fund Flows Weekly Report
From CoinShares Research Blog by James Butterfill
Weekly flows break records with US$2.7bn inflow
- Digital asset investment products saw record weekly inflows totalling US$2.7bn, bringing total inflow year-to-date to US$10.3bn, just shy of the record US$10.6bn inflows for the whole of 2021.
- Bitcoin remained the focus of investors, seeing US$2.6bn inflows with year-to-date inflows now representing 14% of total AuM.
- Solana, having endured a bout of negative sentiment saw US$24m inflows last week.
Digital asset investment products saw record weekly inflows totalling US$2.7bn, bringing total inflow year-to-date to US$10.3bn, just shy of the record US$10.6bn inflows for the whole of 2021. Weekly trading turnover reached US$43bn for the week, smashing last week’s record US$30bn. Recent price gains have pushed total assets under management (AuM) to a record high of US$94.4bn, having leapt 14% over the last week and rising 88% so far this year.
Regionally, the US saw US$2.8bn inflows, with Switzerland and Brazil following, seeing US$21m and US$18m inflows respectively. Canada, Germany and Switzerland all saw profit taking, with outflows of US$35m, US$77m and US$39m respectively.
Bitcoin remained the focus of investors, seeing US$2.6bn inflows with year-to-date inflows now representing 14% of total AuM. Despite recent price rises, the inflows into short bitcoin continue, seeing a further US$11m last week.
Solana, having endured a bout of negative sentiment saw US$24m inflows last week. Conversely, Ethereum, which is on a much better footing on year-to-date inflows saw minor outflows of US$2.1m last week. Other notable inflows were Polkadot, Fantom, Chainlink and Uniswap, seeing US$2.7m, US$2m, US$2m and US$1.6m respectively.
Blockchain equities saw minor outflows totalling US$2.5m.
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
Do not overlook the impact of the US midterm elections on gold prices
July wage growth hits highest since 1997 + Q2 GDP growth revised up! Bank of Japan's case for a rate hike this month further strengthened
Japan's wage growth has reached its highest level since 1997, and the country's economic growth for the second quarter has been revised upwards, further reinforcing the widely held market expectation that the Bank of Japan will raise interest rates next week.
Arbitrage Position Closing Risks Rise! Yen Rally Accelerates: Breaking Above 155 Triggers Stop-loss Orders, 152 Zone Becomes Next Target
The yen has broken through a key level and is expected to reach its highest point since 2026.
Crypto prices
More
