Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares.

Trading volume for ETP surged by 45% to $12.9 billion.

Clients added $1.27 billion to bitcoin-related products, compared to $1.35 billion in the previous reporting period.

Investors withdrew $1.9 million from structures allowing short positions on digital gold, down from $8.6 million earlier.

In Ethereum funds, ahead of the ETF launch on the asset, positive momentum weakened from $72 million to $45.3 million. This did not prevent them from surpassing Solana-based counterparts in inflows since the beginning of the year ($103 million versus $71 million).

Inflows into Solana and Litecoin-based instruments amounted to $9.6 million and $2.2 million, respectively. In products based on other altcoins, the figure did not exceed $1 million.

Earlier, Nate Geraci, president of The ETF Store, predicted the emergence of an ETF based on a basket of BTC, ETH, and SOL.

Previously, market maker GSR positively assessed Solana’s growth potential in the event of exchange-traded funds being launched. Analysts believe the cryptocurrency could appreciate by 1.4 to 8.9 times.