Inflows Into Digital Asset Investment Products Reached $1.1 Billion Last Week
Key Points:
- Digital asset investment products surged with $1.1 billion inflows, pushing total assets to $59 billion, the highest since early 2022.
- US Bitcoin ETFs attracted $1.1 billion last week, totaling $2.8 billion since launch, while potential Genesis sales may lead to further outflows.
- Bitcoin dominated inflows, Ethereum and Cardano followed, while minor outflows were seen in Uniswap and Short-bitcoin.
Digital asset investment products experienced significant inflows, reaching a total of $1.1 billion, contributing to a year-to-date total of $2.7 billion.
Digital Asset Investment Products Soar: $1.1 Billion Inflows Propel Market
This surge, coupled with recent price increases, propelled total assets under management to $59 billion, marking the highest level since early 2022.
The spotlight remained on the newly issued spot-based Bitcoin ETFs in the US, which garnered a net inflow of $1.1 billion last week, bringing the total since the January 11th launch to $2.8 billion. Although outflows from established entities have slowed, the potential sale of Genesis holdings worth $1.6 billion could trigger further outflows in the near future.
Meanwhile, outflows from other regions tapered off, with minor outflows recorded in Canada ($17 million) and Germany ($10 million). In contrast, Switzerland experienced inflows of $35 million last week.
Dominance of Bitcoin Inflows: Ethereum, Cardano Gain Amidst Minor Outflows
Bitcoin dominated the inflows of digital asset investment products, capturing nearly 98% of the total, while the upward trend also bolstered sentiment for Ethereum and Cardano, attracting $16 million and $6 million, respectively. Minor inflows were observed in Avalanche ($0.5 million), Polygon ($0.4 million), and Tron ($0.4 million).
Conversely, Uniswap and Short-Bitcoin witnessed minor outflows, totaling $0.5 million and $0.4 million, respectively.
Although blockchain equities experienced outflows, the bulk stemmed from one issuer ($67 million), while other issuers collectively received inflows totaling $19 million.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Inflows Into Digital Asset Investment Products Reached $1.1 Billion Last Week
Key Points:
- Digital asset investment products surged with $1.1 billion inflows, pushing total assets to $59 billion, the highest since early 2022.
- US Bitcoin ETFs attracted $1.1 billion last week, totaling $2.8 billion since launch, while potential Genesis sales may lead to further outflows.
- Bitcoin dominated inflows, Ethereum and Cardano followed, while minor outflows were seen in Uniswap and Short-bitcoin.
Digital asset investment products experienced significant inflows, reaching a total of $1.1 billion, contributing to a year-to-date total of $2.7 billion.
Digital Asset Investment Products Soar: $1.1 Billion Inflows Propel Market
This surge, coupled with recent price increases, propelled total assets under management to $59 billion, marking the highest level since early 2022.
The spotlight remained on the newly issued spot-based Bitcoin ETFs in the US, which garnered a net inflow of $1.1 billion last week, bringing the total since the January 11th launch to $2.8 billion. Although outflows from established entities have slowed, the potential sale of Genesis holdings worth $1.6 billion could trigger further outflows in the near future.
Meanwhile, outflows from other regions tapered off, with minor outflows recorded in Canada ($17 million) and Germany ($10 million). In contrast, Switzerland experienced inflows of $35 million last week.
Dominance of Bitcoin Inflows: Ethereum, Cardano Gain Amidst Minor Outflows
Bitcoin dominated the inflows of digital asset investment products, capturing nearly 98% of the total, while the upward trend also bolstered sentiment for Ethereum and Cardano, attracting $16 million and $6 million, respectively. Minor inflows were observed in Avalanche ($0.5 million), Polygon ($0.4 million), and Tron ($0.4 million).
Conversely, Uniswap and Short-Bitcoin witnessed minor outflows, totaling $0.5 million and $0.4 million, respectively.
Although blockchain equities experienced outflows, the bulk stemmed from one issuer ($67 million), while other issuers collectively received inflows totaling $19 million.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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