Volume 168: Digital Asset Fund Flows Weekly Report

US$708m inflows last week, outflows from Grayscale abating

Digital asset investment products saw large inflows totalling US$708m last week, bringing year-to-date inflows to US$1.6bn and total global assets under management to US$53bn. Trading volumes in ETPs fell to US$8.2bn compared to the prior week total of US$10.6bn, although remain well above the US$1.5bn week average in 2023. These volumes comprise 29% of Bitcoin’s total trading on trusted exchanges.

Regionally, the focus remains on the US, which saw US$721m inflows last week, with newly issued ETFs seeing US$1.7bn inflows. These new ETFs have now averaged US$1.9bn inflows over the last 4 weeks, bringing total inflows since launch (11th January) to US$7.7bn. This has been offset by outflows from incumbent issuers, which total US$6bn, but data highlights a significant reduction in momentum of these outflows in recent weeks.

Bitcoin saw inflows totalling US$703m last week, comprising 99% of all flows. Short-bitcoin saw minor outflows totalling US$5.3m, coinciding with a reversal of negative price momentum.

Solana saw US$13m inflows last week, outpacing Ethereum and Avalanche, which saw US$6.4m and US$1.3m outflows respectively last week.

Blockchain equities saw US$147m outflows from one issuer last week, although this masked US$11m inflows from other issuers.