Digital asset investment products have experienced their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares’ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion. James Butterfill, Head of Research at CoinShares, noted that the minimal inflow was partly due to the impact of newly launched options on products, which have not driven a comparable rise in ETP volumes.
While Bitcoin has been the market’s standout performer over the past year, large-cap alternative digital currencies like Ethereum and XRP outperformed the flagship digital asset last week. According to the CoinShares report, Bitcoin faced its first significant outflow since early September, with $457 million flowing out. In contrast, Ethereum attracted $634 million in inflows, boosting its year-to-date inflow to $2.2 billion. XRP also saw record inflows of $95 million, driven by growing optimism around the asset and expectations of a potential XRP ETF launch in the US.
Regionally, the US led with $266 million in inflows, followed by Germany with $12.3 million. Switzerland and Canada experienced small outflows totaling $26 million and $10 million, respectively. In Hong Kong, crypto ETPs saw a notable $39 million in inflows, driven by the strong performance of Bitcoin ETFs. The three Hong Kong Bitcoin spot ETFs are nearing $500 million in net assets, with the ChinaAMC Bitcoin ETF leading with $277.48 million, followed by the Bosera Hashkey Bitcoin ETF with $153 million, and the Harvest Bitcoin Spot ETF with around $40 million in assets.
Overall, digital asset investment products saw their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares’ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion. James Butterfill, Head of Research at CoinShares, highlighted an unusual contrast in the flows across different assets within the class, noting that the minimal inflow was partly due to the impact of newly launched options on products.
While Bitcoin has been the market’s standout performer over the past year, large-cap alternative digital currencies like Ethereum and XRP outperformed the flagship digital asset last week. Bitcoin faced its first significant outflow since early September, with $457 million flowing out, likely reflecting profit-taking amid Bitcoin’s recent rally toward $100,000. In contrast, Ethereum attracted $634 million in inflows, boosting its year-to-date inflow to $2.2 billion, surpassing the $2 billion it received in 2021. XRP also saw a record inflow of $95 million, driven by growing optimism around the asset and expectations of a potential XRP ETF launch in the US.
Regionally, the US led with $266 million in inflows, followed by Germany with $12.3 million. Switzerland and Canada experienced small outflows totaling $26 million and $10 million, respectively. In Hong Kong, crypto ETPs saw a notable $39 million in inflows, driven by the strong performance of Bitcoin ETFs. The three Hong Kong Bitcoin spot ETFs are nearing $500 million in net assets, with the ChinaAMC Bitcoin ETF leading with $277.48 million, followed by the Bosera Hashkey Bitcoin ETF with $153 million, and the Harvest Bitcoin Spot ETF with around $40 million in assets.
