Digital Asset Fund Flows | December 18th 2023

Minor outflows of US$16m, more profit-taking than a swing in sentiment

Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week.
The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.
Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink.

Download this week's full report below.