• Inflows were up last week despite the widespread selloff in digital assets
  • Bitcoin remained the most popular digital asset

Despite last week’s price volatility, digital asset investment products extended gains with inflows totaling $395 million, according to data compiled by asset manager CoinShares. 

There were almost no outflows last week, although as prices fell throughout the week inflows declined from $100 million on Monday and Tuesday to $12 million on Friday. 

Bitcoin fell as much as 16% to around $45,000 last week, but the largest digital currency remained the most popular with an inflow of $288 million. Even amid the selloff, bitcoin is up about 70% year-to-date. 

Ethereum gained momentum with a $91 million inflow last week. The second-largest digital currency has gained about 113% year-to-date, signalling growing interest in the digital asset as decentralized finance products flourish

Last week saw record trading volumes on exchanges of $26 billion. Investment products made up only 7% of the total weekly volume. 

Inflows so far this quarter are 4% lower than last quarter’s record $4 billion in inflows.  

  • Blockworks
    Senior Reporter
    Casey Wagner is a New York-based business journalist covering regulation, legislation, digital asset investment firms, market structure, central banks and governments, and CBDCs. Prior to joining Blockworks, she reported on markets at Bloomberg News. She graduated from the University of Virginia with a degree in Media Studies. Contact Casey via email at [email protected]