Volume 81: Digital Asset Fund Flows Weekly Report

Outflows of US$141m, investors seek refuge in multi-crypto investment products

• Digital asset investment products saw outflows totalling US$141m last week.
• Total assets under management (AuM) are now at US$38bn, their lowest point since July 2021.
• Bitcoin was again the primary focus with a swing from inflows the prior week to outflows totalling US$154m last week, while short bitcoin saw outflows totalling US$1.1m.
• Multi-asset (multi-crypto) investment products remain the stalwart with inflows totalling US$9.7m last week. Inflows year-to-date represent 5.3% (US$185m) of AuM.

Digital asset investment products saw outflows totalling US$141m last week. The ongoing volatility has led to fickle investors with some seeing this as an opportunity while the aggregate sentiment is predominantly bearish. Outflows totalling US$154m were seen in the Americas while Europe saw inflows totalling US$12.4m. Total assets under management (AuM) are now at US$38bn, their lowest point since July 2021.

Bitcoin was again the primary focus with a swing from inflows the prior week to outflows totalling US$154m last week. Year-to-date and month-to-date flows remain net positive at US$307m and US$187m respectively. Short bitcoin saw outflows totalling US$1.1m last week.

Multi-asset (multi-crypto) investment products remain the stalwart with inflows totalling US$9.7m last week. Inflows year-to-date represent 5.3% (US$185m) of AuM. The investment products have seen only two weeks of outflows this year, much lower relative to its peers. We believe investors see multi-asset investments products as safer relative to single line investment products during volatile periods.

Minor inflows were seen across a broad selection of altcoins, most notable were Cardano and Polkadot with inflows totalling US$1m each.

Blockchain equity investment products saw outflows totalling US$20m, suffering in-line with the broad sell-off in equities.

To see the full report, click here.