In contrast, Hong Kong saw outflows from long investment products (US$11m), while the 95% of the inflows into the US were into short-Bitcoin products.īitcoin saw inflows totalling US$5.7m last week, while short-bitcoin investment products saw inflows totalling US$25.5m, the largest weekly inflow since July 2022 (US$51m). Outflows were seen in European short investment products too, suggesting sentiment is positive. Inflows were seen in Europe, most notably Germany and Switzerland with US$14m and US$10m respectively. Total assets under management after recent price appreciation is now at US$29bn, the highest since September 2022. of US$990m, with 80% of the trading focussed on Bitcoin. Trading activity for the week was high at US$1.6bn, above the 90-day average. A similar observation was seen more broadly across the whole of the Bitcoin ecosystem with volumes down 38% relative to the average for 2021.Digital asset investment products saw US$37m inflows last week, although this was predominantly into short investment products (68%). While there were inflows last week, Bitcoin investment product trading turnover was the lowest since November 2020. While there were inflows into multi-digital asset investment products totalling US$0.6m, this was much smaller than previous weeks suggesting investors were less interested in diversification.
While Ethereum, following 3 weeks of outflows, saw inflows totalling US$18m.Īltcoins, such as XRP, Polkadot and Cardano all saw inflows of US$1.2m, US$2.1m and US$0.7m respectively. And for the first time in 9 weeks, inflows were seen across all individual digital assets implying a turnaround in sentiment amongst investors.īitcoin saw the most inflows totalling US$39m, with minor updates to the previous weeks’ data highlighting a two-week run of inflows now.
For the first time in 5 weeks digital asset investment products saw inflows totalling US$63m last week.
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