Inflows into cryptocurrency investment products for July 8–14 amounted to $137.4 million, up from $136.1 million a week earlier. The assessment was provided by CoinShares.
Over the past four weeks inflows reached $742 million — the largest wave since the fourth quarter of 2021.
Trading activity rose from $1 billion to $2.3 billion.
Investors’ interest again focused on digital gold. Bitcoin products attracted 99% of all flows — $139.8 million ($132.8 million a week earlier).
From structures that allow shorting the first cryptocurrency, investors pulled $3.2 million versus $1.8 million in the previous reporting period. The negative momentum continued for the twelfth week in a row.
Ethereum funds recorded an outflow of $1.6 million, versus inflows of $2.9 million in the previous reporting period.
In the other altcoins there was positive momentum. Solana, Polygon and Litecoin-based products attracted $0.5 million, $0.5 million and $0.3 million respectively. In XRP-funds inflows were limited to $0.1 million.
Back on July 13, Ripple won its case against SEC. XRP rose by 24%.
On the same day Ethereum surpassed the $2,000 level for the first time since May.