Volume 212: Digital Asset Fund Flows Weekly Report

From CoinShares Research Blog by James Butterfill

Largest weekly inflows on record of US$3.85bn with ETH seeing record inflows

Digital asset investment products saw the largest weekly inflows on record last week totalling US$3.85bn, smashing the prior record set just a few weeks ago. This has pushed total inflows year-to-date (YTD) to US$41bn and total assets under management (AuM) to a new high of US$165bn — prior cycle highs in 2021 saw inflows of US$10.6bn and an AuM high of US$83bn.

Regionally, a wide group of countries saw inflows, the largest being the US with US$3.6bn, followed by Switzerland, Germany, Canada and Australia with inflows of US$160m, US$116m, US$14m and US$10m respectively.

Bitcoin saw inflows of US$2.5bn bringing YTD inflows to US$36.5bn. Short bitcoin has seen tepid inflows of US$6.2m, historically we have seen much higher inflows after sharp price rises suggesting investors remain cautious on betting against the recent strong price momentum.

Ethereum saw its largest weekly inflows on record of US$1.2bn, higher than the ETF launches in July. This has come at the expense of Solana which has seen US$14m outflows, marking its second consecutive week of outflows.

Blockchain equities saw inflows of US$124m, the largest since January this year, driven by growing investor confidence in improving Bitcoin miner margins