Coinshares Weekly Report: Record Inflows into Assets, Significant Outflows from On-chain Assets
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Coinshares Weekly Report: Record Inflows into Assets, Significant Outflows from On-chain Assets
The total outflows from Ethereum, Solana, and Polygon were $14 million, $270 million, and $6.8 million respectively.
Navigating Web3 tides with focused insightsAuthor: James Butterfill
Translation: DAOSquare
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Last week, weekly inflows into digital asset investment products reached a record $2.9 billion, surpassing the previous record of $2.7 billion set the week before.
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Last week’s inflows pushed year-to-date inflows to $13.2 billion, exceeding the full-year 2021 total of $10.6 billion.
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Smart contract platforms saw outflows last week, with Ethereum, Solana, and Polygon experiencing outflows of $14 million, $270 million, and $6.8 million respectively.
Weekly inflows into digital asset investment products reached a record $2.9 billion, breaking the prior record of $2.7 billion set just weeks earlier. Last week's inflows have pushed year-to-date inflows to $13.2 billion, surpassing the full-year 2021 total of $10.6 billion. Trading volume totaled $43 billion last week, matching the previous week’s record and accounting for 47% of global Bitcoin trading volume. Global ETPs surpassed $100 billion for the first time last week, although weekend price adjustments brought the total down to $97 billion.
Regionally, the U.S. saw $2.95 billion in inflows, while Australia, Brazil, and Hong Kong recorded smaller inflows of $5 million, $24 million, and $15 million respectively. Canada, Germany, Sweden, and Switzerland saw combined outflows of $78 million last week. The year has started poorly overall, with net outflows totaling $685 million to date.
Bitcoin attracted $2.86 billion in inflows last week, accounting for 97% of all year-to-date inflows. Meanwhile, short Bitcoin products saw inflows of $26 million—the fifth consecutive week of inflows and the largest single-week inflow so far this year.
Smart contract platforms faced headwinds last week, with Ethereum, Solana, and Polygon seeing outflows of $14 million, $270 million, and $6.8 million respectively.
$19 million flowed into blockchain equities last week—the first inflow after six consecutive weeks of outflows.
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