Volume 175: Digital Asset Fund Flows Weekly Report
From CoinShares Research Blog by James Butterfill
Hesitancy amongst investors led to record net outflows of US$942m
- Digital asset investment products saw record weekly outflows totalling US$942m, the first outflow following a record 7-week run of inflows totalling US$12.3bn.
- New ETF issuers in the US saw US$1.1bn inflows, partially offsetting incumbent Grayscale’s significant US$2bn outflows last week.
- The rest of the altcoin space fared well, seeing a net inflows of US$16m, most notable were Polkadot (US$5m), Avalanche (US$2.9m) and Litecoin (US$2m)..
Digital asset investment products saw record weekly outflows totalling US$942m, the first outflow following a record 7-week run of inflows totalling US$12.3bn. Trading volumes in ETPs, while high at US$28bn for the week, were 2/3rds that of the prior week. The recent price correction wiped US$10bn off total assets under management (AuM) but remain above prior cycle highs at US$88bn.
We believe the recent price correction led to hesitancy from investors, leading to much lower inflows into new ETF issuers in the US, which saw US$1.1bn inflows, partially offsetting incumbent Grayscale’s significant US$2bn outflows last week.
Poor sentiment was not just focussed on the US, with Sweden, Switzerland, Hong Kong and Germany seeing outflows of US$37m, US$25m, US$35m and US$4m respectively. However, Brazil and Canada both saw inflows totalling US$9m and US$8.4m respectively.
96% of the flows were Bitcoin, which saw US$904m outflows, while short-bitcoin also saw minor outflows totalling US$3.7m.
Ethereum, Solana and Cardano also suffered, seeing US$34m, US$5.6m and US$3.7m respectively. The rest of the altcoin space fared well, seeing a net inflows of US$16m, most notable were Polkadot (US$5m), Avalanche (US$2.9m) and Litecoin (US$2m).
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
Spot DEXs on Solana see $5.8B in trading volume for tokenized stocks
Turmoil Intensifies Within OpenAI: Ongoing Restructuring, Employee Exhaustion, Continued Management Resignations, IPO Plans Quietly Delayed
OpenAI has undergone nearly five restructurings this year, with a continued wave of executive departures. Chief Revenue Officer Denise Dresser became the latest to leave this week. The company also disbanded its safety team responsible for assessing the "catastrophic risks" of AI models, raising internal concerns. Although revenue has increased to about $40 billion, OpenAI has been surpassed by Anthropic. Employees generally feel exhausted, and the IPO plans have quietly been postponed until next year.
Bitcoin and Ethereum ETF Flows Shifted Last Week: Here’s What You Missed
Crypto prices
More
