CoinShares Digital Asset Fund Flows Weekly Report User Guide
- May 15, 2024
- CoinShares
Table of Contents
CoinShares Digital Asset Fund Flows Weekly Report User Guide
Massive inflows continue with a further US$1.8bn, US ETFs dominating
- Digital asset investment products saw the second largest weekly inflows on record totalling US$1.84bn. Trading volumes in investment products reached a record of over US$30bn for the week.
- 94% of the inflows were into Bitcoin, totalling US$1.73bn, although recent price moves saw short investors double down with a further US$22m inflows.
- Ethereum saw its largest weekly inflows since mid-July 2022 totalling US$85m last week, but AuM at US$14.6bn remains a way off the US$23.7bn peak.
Digital asset investment products saw the second largest weekly inflows on
record totalling US$1.84bn.
Trading volumes in investment products reached a record of over US$30bn for
the week, and at times represented 50% of glob l Bitcoin daily trading volumes
on trusted exchanges. Total assets under management (AuM), after recent price
rises, are now
very close to the all-time high at US$82.6bn, just shy of the US$86bn peak set
early November 2021.
The US continues to dominate, seeing net inflows totalling US$1.88bn. This was
subdued partially by a pick-up in outflows from incumbent Grayscale, which saw
outflows totalling US$1.46bn in its Bitcoin ETF. This was offset by new
issuers, which saw a total
US$3.2bn inflows last week. Flows were mixed in other regions, with
Switzerland seeing US$20m inflows while Sweden, Germany and Canada all saw
outflows totalling US$32m, US$35m and US$23m respectively.
94% of the inflows were into Bitcoin, totalling US$1.72bn, although recent price moves saw short investors double down with a further US$22m inflows into short-bitcoin investment products.
Ethereum saw its largest weekly inflows since mid July 2022 totalling US$85m
last week, but AuM at US$14.6bn remains a way off the US$23.7bn peak.
Polygon saw inflows of US$7.6m, representing 22% of AuM, while Solana saw
outflows of US$12m.
DISCLOSURES
The information contained in this document is for general information only. Nothing in this document should be interpreted as constituting an offer of (or any solicitation in connection with) any investment products or services by any member of the Coin Shares Group where it may be illegal to do so. Access to any investment products or services of the Coin Shares Group is in all cases subject to the applicable laws and regulations relating thereto.
Although produced with reasonable care and skill, no representation should be
taken as having been given that this document is an exhaustive analysis of all
of the considerations which its subject-matter may give rise to. This document
fairly represents the
opinions and sentiments of Coin Shares, as at the date of its issuance but it
should be noted that such opinions and sentiments may be revised from time to
time, for example in light of experience and further developments, and this
document may not necessarily be updated to reflect the same.
The information presented in this document has been developed internally and/ or obtained from sources believed to be reliable; however, Coin Shares does not guarantee the accuracy, adequacy or completeness of such information. Predictions, opinions and other information contained in this document are subject to change continually and without notice of any kind and may no longer be true after the date indicated. Third party data providers make no warranties or representation of any kind in relation to the use of any of their data in this document. Coin Shares does not accept any liability whatsoever for any direct, indirect or consequential loss arising from any use of this document or its contents.
Any forward-looking statements speak only as of the date they are made, and Coin Shares assumes no duty to, and does not undertake, to update forward- looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Nothing within this document constitutes (or should be construed as being) investment, legal, tax or other advice. This document should not be used as the basis for any investment decision(s) which a reader thereof may be considering. Any potential investor in digital assets, even if experienced and affluent, is strongly recommended to seek independent financial advice upon the merits of the same in the context of their own unique circumstances.
This document is directed at, and only made available to, professional clients
and eligible counterparties. For UK investors:
Coin Shares Capital Markets (UK) Limited is an appointed representative of
Strata Global Limited which is authorised and regulated by the Financial
Conduct Authority (FRN 563834). The address of Coin Shares Capital Markets
(UK) Limited is 1st Floor, 3 Lombard Street, London, EC3V 9AQ. For EU
investors: Coin Shares Asset Management SASU is authorised by the Auto rite
demarches financiers (AMF) as an alternative investment fund manager (AIFM)
under n°GP19000015. Its office is located at 17 rue
de la Banque, 75002 Paris, France.
Copyright© 2024 Coin Shares All Rights Reserved
Read User Manual Online (PDF format)
Read User Manual Online (PDF format) >>