Volume 223: Digital Asset Fund Flows Weekly Report

Record outflows totalling US$3.8bn over the last 3 weeks

• Digital asset investment products saw a 3rd consecutive week of outflows, marking the largest weekly outflows on record at a total of US$2.9bn, bringing the three-week total to US$3.8bn.
• Bitcoin bore the brunt of the weaker sentiment, seeing US$2.59bn outflows last week, with minor inflows into short bitcoin totalling US$2.3m.
• Sui was the best performer, seeing US$15.5m inflows, XRP followed with US$5m inflows.

Digital asset investment products saw a 3rd consecutive week of outflows, marking the largest weekly outflows on record at a total of US$2.9bn, bringing the three-week total to US$3.8bn. We believe several factors contributed to this trend, including the recent Bybit hack, a more hawkish Federal Reserve, and the preceding 19-week inflow streak totalling US$29bn. These elements likely led to a mix of profit-taking and weakened sentiment toward the asset class.

Most regions saw outflows, most notable being the US (US$2.87bn), Switzerland (US$73m) and Canada (US$16.9m). Although German investors saw this as an opportunity to buy on price weakness, seeing US$55.3m inflows.

Bitcoin bore the brunt of the weaker sentiment, seeing US$2.59bn outflows last week, with minor inflows into short bitcoin totalling US$2.3m.

Ethereum did not escape the negative sentiment either, seeing a record weekly outflow totalling US$300m. Solana and Ton also saw US$7.4m and US$22.6m outflows respectively.

Sui was the best performer, seeing US$15.5m inflows, XRP followed with US$5m inflows.

Blockchain equities didn’t escape the negative sentiment, seeing US$25.3m outflows.

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