According to July’s results, inflows into cryptocurrency investment products amounted to $474 million (the highest since the start of the year), and for the week of July 23–29 — $81 million. The data were provided by analysts CoinShares.
Inflows continued for a fifth week in a row. In June, outflows totalled $481 million.
In traditional bitcoin funds there was an inflow of client funds amounting to $84.8 million. Among structures that allow shorting the first cryptocurrency, there was a first outflow in five weeks, amounting to $2.6 million.
For the second week in a row, investor interest in multi-asset funds waned. Over the last seven days, they pulled $3.7 million from them.
Inflows into Ethereum- and Solana-funds slowed from $8.1 million to $1.1 million and from $1.8 million to $1.5 million, respectively.
Experts noted the persistence of low trading activity. The volume of cryptocurrency product transactions in the latest reporting week amounted to $1.3 billion, nearly half the year-to-date average of $2.4 billion.
Grayscale analysts had predicted the end of the crypto-winter by the end of March 2023.
Earlier, former Goldman Sachs top executive and macro investor Raoul Pal predicted a reversal in Bitcoin due to rising global liquidity.
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