CoinShares Digital Asset Fund Flows Weekly
2021-01-13
Inflows last week totalled US$29m, a marked decline from the week before Christmas with a record inflow of US$1.09bn. Furthermore, given the recent record price levels, we have witnessed evidence of potential profit taking with some investment products seeing outflows.
Recent price action leaves total assets under management (AuM) at a record US$34.4bn as of Friday 8th January.
There has been much greater investment product participation in the recent price rises as their respected volumes averaged 10.5% of total Bitcoin trading volumes. This represent levels not witnessed since December 2017, but that is likely where the similarities end. We have seen much greater investor participation this time round with net new assets at US$8.2bn compared to only US$534m in December 2017.
Weekly flows have remained consistently positive since May 2019, highlighting what we believe is an increasing store of value.
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