From June 28 to July 4, cryptocurrency funds attracted $1.04 billion. The assets under management (AUM) of these structures reached a record $188 billion, according to a report by CoinShares.
The trend of investment inflows into crypto funds has continued for twelve consecutive weeks, starting in April.
Trading volume for the reporting period was $16.3 billion, remaining roughly at the average weekly level since the beginning of the year.
Bitcoin-based investment products attracted $790 million at the start of July. This is less than in the previous three weeks, when inflows averaged $1.5 billion. The slowdown in fund inflows indicates growing caution among beneficiaries as digital gold approaches its historical peak, according to CoinShares analysts.
Ethereum products recorded their eleventh consecutive week of investment growth. At the start of July, $226 million was attracted. On average, over the past seven days, inflows amounted to 1.6% of AUM, significantly higher than Bitcoin’s 0.8%. The report’s authors believe this indicates a notable shift in investor sentiment towards the second-largest cryptocurrency by market capitalization.
From June 28 to July 4, investments in instruments related to Solana and Sui amounted to $21.6 million and $1.6 million, respectively. Analysts noted that Solana reached its highest investment inflow in the past 69 weeks.
Weekly distribution of attracted capital by countries. Data: CoinShares.
By region, the United States led with an inflow of $1 billion, followed by Germany ($38.5 million) and Switzerland ($33.7 million). Canada and Brazil continue to show weak interest, with outflows of $29.3 million and $9.7 million, respectively.
Earlier, the previous week’s total capital inflow into crypto funds amounted to $2.7 billion.