Crypto Inflows Persist Despite Threat of Looming European Conflict

Inflows into digital asset investment products continued for a fifth week in a row, amounting to $109 million.

The most recent CoinsShare report highlighted that inflows had persisted despite recent price weakness and “perceived negative impact from the looming conflict in Eastern Europe.” While that continent still managed inflows last week, the majority, $101 million, came through the Americas. 

Coins flows

As usual, Bitcoin-based investment products saw the largest amount of inflows, totaling $89 million last week, which is the highest since December 2021. Despite the consistency, the report emphasized that inflows had remained “tepid,” as the total amount of inflows over the past five weeks represents only 0.7% of total assets under management (AUM)

After breaking a recent streak with inflows last week, Ethereum-based investment products saw outflows return once again this past week. Last week’s $15 million in outflows pushed Ethereum’s year-to-date outflows to $113 million.

Meanwhile, multi-asset investment products continued to prove popular, raking in $9.4 million, while Solana also achieved $1.2 million in inflows. The report noted that these products appeared “relatively insulated from outflows seen in other products.” 

With notable inflows of $25 million, smart contract platform Avalanche also made a big splash this past week. However, as the volume took place over a single trading day, it is still unknown whether it reflected real demand. Finally, blockchain equities saw inflows amount to $26 million, “with inflows across a broad selection of investment products.”

Past Weeks

During the fourth consecutive week of inflows the week prior, digital asset investment products inflows amounted to $75 million. The $209 million in total inflows from the four-week run represented 0.4% of total assets under management (AUM) at the time. Additionally, Ethereum-based investment products had finally broken a 9-week streak of outflows, with inflows of $21 million that had nearly rivaled Bitcoin.

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