Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Digital asset funds record weekly inflows for first time in five weeks

Source Fxstreet

Investment across digital asset products recorded inflows of $130 million last week.
Hong Kong ETFs record weak inflows after a prior record-breaking week.
The volume of ETPs continues to decrease, recording only $8 billion, less than 50% of the average in April.

CoinShares' weekly digital assets fund flows report on Monday shows that crypto assets have broken a five-week streak of outflows with a $130 million gain. These inflows have largely been triggered by the performance of US Bitcoin ETFs, while Hong Kong ETFs continue to underperform investors' expectations.

Also read: Crypto investment products post outflows for fourth straight week despite ETFs debut in Hong Kong

Digital assets products record inflows

According to CoinShares, digital assets investment products witnessed inflows for the first time in five weeks with a net positive of $130 million. Considering the dominance of the US Bitcoin ETFs, their flows have been responsible for a large portion of the total digital asset product flows.

For example, after beginning the month poorly, Bitcoin recorded $144 million in inflows last week — more than the total net inflow of digital assets products. Outflows in the past weeks were majorly from Bitcoin ETFs.

Read more: Week Ahead: Crypto market eyes a bullish turnaround

Despite the inflows, digital asset exchange-traded products (ETPS) trading volume has decreased significantly compared to April's volumes. Last week, ETPs volume was $8 billion, less than half of the average volume of $17 billion seen in April.

"These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month," said CoinShares.

The decline may be due to doubts surrounding the approval of spot ETH ETFs, considering the low interaction of regulators with applications from issuers. If approved, spot ETH ETFs would bring increased inflows to digital assets. However, the market is already acting based on expectations of a potential spot ETH ETF denial.

Also read: Ethereum sustains horizontal trend, sees increased outflows

Meanwhile, Hong Kong ETFs saw only $19 million in inflows "after a prior week of record inflows," stated CoinShares. Compared to investors' expectations, Hong Kong Bitcoin and Ethereum ETFs have underperformed as they've shown little impact in the general market. Canada and Germany, on the other hand, maintained recording outflows, reaching $20 million and $15 million, respectively.

Additionally, Solana investment products recorded nearly $6 million in inflows.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Four jobs reports in five days: what JOLTS, ADP, claims and the September payrolls mean for the October Fed decision The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Author Mitrade

Sep 28, Mon

The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Nvidia's $150 billion buyback landed — and the AI sector fell anyway. That's the signal worth trading Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

Author Irene Q.

Sep 29, Tue

Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonight The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Author Suzie

23 hours ago

The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Gold falls to near $4,150 as higher Treasury yields, oil prices outweigh softer PCE inflation Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.

Author FXStreet

5 hours ago

Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.

Popular Symbols