Volume 91: Digital Asset Fund Flows Weekly Report | by James Butterfill | Aug, 2022


July inflows the strongest this year totalling US$474m, minor outflows from short positions

  • Digital asset investment products saw inflows totalling US$81m last week, signifying the 5th consecutive week of inflows totalling US$0.53bn.
  • July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m.
  • Bitcrypto-coin saw inflows totalling US$85m last week while short-Bitcrypto-coin saw outflows totalling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows.

Digital asset investment products saw inflows totalling US$81m last week, signifying the 5th consecutive week of inflows totalling US$0.53bn, or 1.6% of total assets under management (AuM). July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m.

Regionally the majority of inflows were from North America with inflows from both the US and Canada totalling US$15m and US$67m respectively. Brazil and Sweden both saw minor outflows.

Bitcrypto-coin saw inflows totalling US$85m last week while short-Bitcrypto-coin saw outflows totalling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows.

Multi-asset investment products, unusually, saw outflows for the second consecutive week totalling US$3.7m, suggesting investors are becoming more targeted in their investment.

Solana saw minor inflows totalling US$1.5m, remaining the investor favourite for this year with year-to-date inflows totalling US$114m. Polkadot also saw inflows totalling US$0.4m last week.

Despite a more bullish mood in digital assets, trading activity remains very low, with last week’s volumes totalling US$1.3bn compared to this years weekly average of US$2.4bn.

To access our other research click here.

To see the full report, click here.



Source link

Latest

Where have the miner rewards gone?

With macroeconomic conditions dictating the...

Is ETH inflationary or deflationary after the Merge?

One of the most heated...

Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was...

Newsletter

spot_img

Don't miss

Where have the miner rewards gone?

With macroeconomic conditions dictating the...

Is ETH inflationary or deflationary after the Merge?

One of the most heated...

Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was...

Binance hires former Kraken compliance chief

Cryptocurrency exchange Binance hired Kraken’s...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

ajax-loader
Send this to a friend