Research Summary
The report discusses the recent trends in digital asset investment. Despite a minor outflow of US$5.1 million in digital asset investment products, the end of the week saw minor inflows following the news that one of the world’s largest asset managers has applied for a Bitcoin ETP in the US. However, these inflows were not enough to offset the outflows seen earlier in the week, resulting in a 9th week of outflows totalling US$423 million. The report also highlights that the crash in altcoin prices the prior week prompted investors to add to positions, with inflows totalling US$2.4 million.
Actionable Insights
- Investment trends: Despite a minor outflow of US$5.1 million, there were minor inflows by the end of the week following the news of a Bitcoin ETP application by a major asset manager.
- Outflows: The digital asset investment sector recorded a 9th week of outflows, totalling US$423 million.
- Altcoin investments: The crash in altcoin prices the prior week led to investors adding to their positions, with inflows totalling US$2.4 million.
