Largest weekly outflows on record totalling US$255m Digital asset investment products saw outflows for the 5th consecutive week totalling US$255m, the largest single weekly outflows on record representing 1.0% of total assets under management (AuM). AuM has fallen by 10% over the week, retracing back to levels seen at the…

Written by Townsend Lansing — Head of Product The Court of Appeals for the DC Circuit heard oral arguments from Grayscale and the SEC this week, and the mainstream media are having a field day. Bloomberg analyst Eliot Stein moved his prediction to 70/30 in favour of Grayscale winning, and…

Outflows of US$17m highlight ongoing regulatory concerns Digital asset investment products saw minor outflows totalling US$17m last week, marking the 4th consecutive week of negative sentiment. Bitcoin remains the focus, with outflows for the 4th consecutive week totalling US$20m, while short-bitcoin saw inflows for a third week totalling US$1.8m. The…

The usage of cryptocurrencies for criminal activity is greatly exaggerated in the media and we feel these false narratives need to be addressed. The recent February Economist article about North Korean hackers stealing $1.7 billion in crypto in 2022 is an example of sensationalist coverage of the issue. According to…

Stronger than expected macro data weighs on crypto sentiment Digital asset investment products saw minor outflows totalling US$2m. Although this masks broader negative sentiment as the largest inflows were into short investment products. Bitcoin saw outflows for the 3rd consecutive week totalling US$12m, while short-bitcoin saw inflows totalling US$10m. We…

US$32m outflows, but rising prices push AuM to highest since August 2022 Digital asset investment products saw outflows totalling US$32m last week, the largest since late December 2022. Mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday. Bitcoin bore the brunt of the…

Following recent media hype, we felt it was necessary to cover the key process involved in updating the Bitcoin software to dispel the myth that it is controlled by 6 individuals. Bitcoin Core is the open-source software that powers the Bitcoin network. Maintained and released by a large and diverse…

Macro data prompts cautiousness among investors, with altcoins being favoured Digital asset investment products saw minor outflows totalling US$7m last week following a week of macro data that significantly beat expectations to the upside. The focus was primarily Bitcoin, which saw outflows totalling US$10.9m, although there were also outflows from…

Improving investor sentiment brings year-to-date inflows to US$230m Digital asset investment products saw inflows totalling US$76m last week, the 4th consecutive week of inflows with year-to-date inflows now at US$230m, highlighting a decisive change in investor sentiment for the beginning of 2023. Bitcoin continues to be the primary investor focus…