Digital Asset Fund Flows | October 23th 2023

Anticipation of a spot Bitcoin ETF prompts further inflows

Digital asset investment products saw inflows for the 4th consecutive week totalling US$66m. Total AuM has now risen to US$33bn.
While the most recent inflows are likely linked to excitement over a spot bitcoin ETF launch in the US, they are relatively low in comparison to June announcements, suggesting more caution from investors this time round.
Solana saw a further US$15.5m inflows last week, bringing year-to-date inflows to US$74m (47% of AuM) — making it the most popular altcoin this year so far.

Download this week's full report below.