CoinShares: July inflows of funds into crypto funds updated the maximum of 2022

The total sum of investments for the month almost compensated for the June outflows of $ 481 million

02.08.2022 - 07:30

586

1 min

What’s new? Analysts at CoinShares reported record since the beginning of the year inflows of funds into crypto funds in July. In just a month, the funds raised a total of $474 million, the total sum of investments almost offset the June outflows of $481 million.

The full stats on the CoinShares blog

What other data has been released? According to the statistics, inflows have continued for the fifth week in a row. By region, Canada and the US lead the way with figures of $67 million and $15 million, respectively. Last week bitcoin saw inflows totaling $85 million, while outflows from BTC short positions totaled $2,6 million. Solana and Polkadot recorded inflows of $1,5 million and $0,4 million. While trading activity remains low, trading volume last week amounted to only $1,3 billion against a weekly average of $2,4 billion.

Multi-asset investment products have seen outflows totaling $3,7 million for the second week in a row. According to analysts, this may indicate that investors are becoming more narrowly focused when choosing products to invest in.

At the end of June, CoinShares reported weekly outflows of $423 million from investment crypto products. Analysts suggested it caused the bitcoin rate to fall to a local low of $17 760 on June 18.

Author: