Record $13.2 billion YTD inflow into digital assets eclipses 2021 total
Summary
Digital asset investment products saw a record $2.9 billion net flow last week, leading to an annual net flow record of $13.2 billion. US spot Bitcoin exchange-traded funds influenced the performance, with assets under management reaching $100 billion. Bitcoin dominated global flows, while Grayscale GBTC ETF experienced significant outflows. Smart contract-enabled blockchain networks like Ethereum, Solana, and Polygon faced challenges with varying outflows. Short Bitcoin products had a positive net flow, and other assets like Polkadot, Litecoin, Multi-asset, Binance, and Cardano also experienced inflows.
