Digital Asset Fund Flows | March 18th 2024
Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior weeks all-time record of US$2.7bn.
This weeks inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn.
Smart contracting suffered last week, with Ethereum, Solana and Polygon seeing outflows totalling US$14m and US$2.7m and US$6.8m respectively.
Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior weeks all-time record of US$2.7bn. This weeks inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn. Trading volumes totalled US$43bn for the week, the same as the prior week record and comprising a larger 47% of overall global bitcoin volumes. During the week global ETPs broke the US$100bn mark for the first time, although the price correction at the end of the week saw it settle at US$97bn.
Regionally, the US saw US$2.95bn inflows, with minor inflows into Australia, Brazil and Hong Kong of US$5m, US$24m and US$15m respectively. While Canada, Germany, Sweden and Switzerland saw a combination of US$78m in outflows last week. This year has not got off to a good start, having now seen US$685m in outflows so far.
Bitcoin saw US$2.86bn of inflows last week and now comprise 97% of all inflows year-to-date. While, short bitcoin saw its largest inflows in a year totalling US$26m, its 5th consecutive week.
Smart contracting suffered last week, with Ethereum, Solana and Polygon seeing outflows totalling US$14m, US$2.7m and US$6.8m respectively.
Blockchain equities saw inflows of US$19m, the first following a 6-week bout of outflows.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Slowmist Releases October Web3 Security Incident Report
TEAMZ Web3・AI Summit 2025: Bringing Global Leaders to Tokyo
Japan’s Crypto Industry to Launch “Self-Regulation” of Stablecoins
Russia Establishes Legal Framework and Standards for Crypto Mining
0.00