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Crypto funds see $3.2 billion inflows in July amid bullish investor sentiment

Press Releases Crypto News CryptoBriefing Crypto funds see $3.2 billion inflows in July amid bullish investor sentiment

Key Takeaways

Digital asset investment products saw $1.35bn inflows last week, totaling $3.2bn over three weeks.
Ethereum surpassed Solana in year-to-date inflows, reaching $103m compared to Solana’s $71m.

Crypto products saw inflows of $1.35 billion last week, bringing the total inflows over the last three weeks to $3.2 billion, according to asset management firm CoinShares.

Bitcoin dominated with $1.27 billion in inflows, while short Bitcoin products saw outflows of $1.9 million. Since March, short Bitcoin exchange-traded products (ETP) have experienced outflows totaling $44 million, representing 56% of assets under management.

Ethereum saw $45 million in inflows, surpassing Solana as the altcoin with the most inflows year-to-date at $103 million. Solana attracted $9.6 million in inflows last week, bringing its year-to-date total to $71 million. A noteworthy mention is Litecoin, which also saw inflows of $2.2 million.

Moreover, crypto funds indexed to digital assets’ baskets saw $16.7 million in weekly inflows, signaling an appetite for diversification from investors.