Digital Asset Fund Flows | August 14, 2023

Digital Asset ETP Net New Assets US$m

Inflows return with US$29m, dominated by Bitcoin.

Digital asset investment products saw inflows this week totalling US$29m, likely due to the recent US inflation data, which was slightly below expectations, signifying that a September rate hike is less likely.
Bitcoin was the primary focus, seeing US$27m inflows, which follows 3 prior weeks of outflows totalling US$144m.
XRP saw US$0.5m inflows and is now on a 16-week run of inflows, while AuM has risen 127% since the beginning of the year.