Research Summary
The report discusses the recent trends in digital asset investment products. The report notes an 8-week run of outflows totaling US$417m, with the largest single week of outflows from Ethereum at US$36m since the Merge. The outflows are believed to be related to monetary policy, with ongoing interest rate rises making investors cautious. Interestingly, altcoins have seen inflows year-to-date, contrasting with Bitcoin and Ethereum.
Actionable Insights
- Monitor the trend of outflows: Digital asset investment products have seen an 8-week run of outflows totaling US$417m. This trend is closing in on the record 12-week run of outflows seen from April to June last year.
- Understand the impact of monetary policy: The outflows are believed to be related to monetary policy, with ongoing interest rate rises making investors cautious.
- Observe the performance of altcoins: Altcoins have seen inflows year-to-date, contrasting with Bitcoin and Ethereum, which could indicate a shift in investor preference.
