CoinShares: July Sees Largest Monthly Inflow into Crypto Funds
According to CoinShares analysts, the inflow of funds into crypto-based investment products amounted to $474 million (the maximum since the beginning of the year) in July, whereas for the week from July 23 to July 29 it amounted to $81 million.
The influx continued for the fifth week in a row. In June, outflows totaled $481 million.
Traditional Bitcoin funds saw an influx of $84.8 million in client funds. From the structures that allow users to open shorts on BTC, an outflow of $2.6 million was recorded for the first time in five weeks.
For the second week in a row, investor interest in multi-asset products declined. Over the past seven days, they have withdrawn $3.7 million from them.
Inflows to Ethereum and Solana-based funds slowed down from $8.1 million to $1.1 million and from $1.8 million to $1.5 million, respectively.
