Volume 165: Digital Asset Fund Flows Weekly Report
US$1.18bn inflows last week as US ETFs begin trading — not a record though
- Digital asset investment products saw US$1.18bn inflows last week (subject to T+2 settlement), although this did not break the record set at the launch of the futures-based Bitcoin ETFs.
- Trading volumes were US$17.5bn last week, the highest on record, compared to an average of US$2bn per week in 2022.
- The US saw US$1.24bn of inflows, while minor outflows were seen in Europe.
Digital asset investment products saw US$1.18bn inflows last week (subject to T+2 settlement), although this did not break the record set at the launch of the futures-based Bitcoin ETFs which totalled US$1.5bn back in October 2021. ETP Trading volumes did break records though, trading US$17.5bn last week, the highest on record, compared to an average of US$2bn per week in 2022. These trading volumes represented almost 90% of daily trading volumes on trusted exchanges last Friday, unusually high as they typically average between 2%-10%.
As expected, the United States dominated, seeing US$1.24bn of inflows last week, while Switzerland saw US$21m inflows. We suspect the outflows seen in Europe Canada (Canada US$44m, Germany US$27m Sweden US$16m) were basis traders looking to switch from Europe to the US.
Bitcoin saw US$1.16bn inflows last week, representing a significant 3% of total assets under management (AuM), while short-bitcoin also saw minor inflows totalling US$4.1m.
Ethereum saw inflows totalling US$26m and XRP US$2.2m. Solana was the notable exception, seeing only US$0.5m inflows last week.
Blockchain equities also saw large inflows totalling US$98m, bringing total inflows over the last 7 weeks to US$608m.
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
Assessing if Avalanche’s growing network activity can spur AVAX’s price recovery
Berkshire's stock hits a new high amid tech plunge as return to yen bonds sparks heated "increase positions in Japan" discussion
Berkshire Hathaway has hired banks to prepare for its first yen bond issuance since April, aiming to raise more funds in Japan. According to sources familiar with the matter, Berkshire has mandated Mizuho Securities and Bank of America Securities for a potential benchmark yen bond issuance, which is expected to take place in the near future, though the exact timing will depend on market conditions.
Nomura's monopoly is being challenged! Mizuho (MFG.US) is reshaping Japan's underwriting landscape with global IPOs
Mizuho is establishing a solid foothold in Japan's equity capital market by leveraging a unique and highly profitable track: on one hand, it is tapping into the strong demand for AI financing from the US market, and on the other, connecting with the vast domestic household savings in Japan.
Crypto prices
More
