Volume 96: Digital Asset Fund Flows Weekly Report | by James Butterfill | Sep, 2022


Record inflows in to short-bitcrypto-coin investments totalling US$18m

  • Digital asset investment products saw minor inflows totalling US$9.2m although the predominant inflow was into short investment products.
  • Bitcrypto-coin saw outflows totalling US$11m, representing the 4th consecutive week of outflows, but totals only US$70m.
  • Short-Bitcrypto-coin investment products saw a record US$18m inflows last week bringing total AuM to a record US$158m.
  • Altcrypto-coins saw minor inflows, notably from Solana and Avalanche which each saw inflows totalling US$0.5m.

Digital asset investment products saw minor inflows totalling US$9.2m although the predominant inflow was into short investment products. In a similar fashion to last week, this week saw multi-year low weekly trading volumes totalling US$915m. Recent price declines have pushed down total assets under management (AuM) to US$27.9bn, their lowest point since early-July this year, having begun the year at US$64bn.

Regionally, the data shows diverging sentiment despite the low trade sizes. Canada, Brazil, Switzerland and Germany all saw inflows totalling US$4.7m, US$3.2m, US$1.7m and US$1.6m respectively. The sole focus of negative sentiment was from the US, where inflows totalled US$0.8m, being masked by predominant inflows into short-Bitcrypto-coin investment products. This follows the recent FOMC meeting at Jackson Hole where a much more hawkish view was expressed, unexpected by some investors.

Bitcrypto-coin saw outflows totalling US$11m, representing the 4th consecutive week of outflows, but totals only US$70m. Short-bitcrypto-coin investment products saw a record US$18m inflows last week bringing total AuM to a record US$158m.

Multi-asset products continued to see inflows totalling US$3.3m while altcrypto-coins saw minor inflows, notably from Solana and Avalanche which each saw inflows totalling US$0.5m.

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