# Allocators Related Articles

Strategy Watch #2

Strategy Watch #2 provides institutional analysis of digital asset fund performance and allocation trends. The report covers six key areas: institutional capital flows, fund performance, macro strategies, on-chain vault returns, manager sentiment, and allocation updates. In February and early March, Bitcoin and Ethereum saw significant net outflows (-$9.6B and -$3.2B respectively), while stablecoins attracted inflows (+$6.2B), suggesting a defensive shift toward lower-risk assets. BTC ETF flows turned positive in March, though institutional conviction remains cautious. DeFi Total Value Locked (TVL) on Ethereum declined sharply, with peak outflows of -$23.7B in February, indicating reduced participation in on-chain yield strategies. CME basis yields continued to tighten, reflecting lower institutional leverage and softer derivatives demand. The report also highlights performance trends, with only one strategy type generating positive returns in February. Over 300 managers shared their three-month market outlook, and a new $750M fund of funds was announced.

insights.glassnode03/24 18:20