{"id":15210,"date":"2024-07-15T13:41:59","date_gmt":"2024-07-15T10:41:59","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-inflows-surge-significantly\/"},"modified":"2024-07-15T13:41:59","modified_gmt":"2024-07-15T10:41:59","slug":"cryptocurrency-inflows-surge-significantly","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-inflows-surge-significantly\/","title":{"rendered":"Cryptocurrency Inflows Surge Significantly"},"content":{"rendered":"<p>Inflows into cryptocurrency investment products surged from $441 million to $1.44 billion between July 6 and July 12. This figure marks the fifth-largest in history, according to <a href=\"https:\/\/blog.coinshares.com\/volume-191-digital-asset-fund-flows-weekly-report-78ab8a02059e\">CoinShares<\/a>.<\/p>\n<p>Since the beginning of the year, a record $17.8 billion has flowed into these instruments. For comparison, in 2021 this figure was $10.6 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1104.webp\" alt=\"1-1104\" class=\"wp-image-236954\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Price weakness due to Bitcoin sales by German authorities and a shift in sentiment due to a lower-than-expected U.S. consumer price index prompted investors to increase their positions,&#8221;<\/em> specialists reported.<\/p>\n<\/blockquote>\n<p>Trading volume for <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> ($8.9 billion) remained below the average levels since the beginning of the year ($21 billion).<\/p>\n<p>Clients added $1.35 billion to Bitcoin-related products (the fifth-largest figure in history), compared to $398 million in the previous reporting period.<\/p>\n<p>Investors withdrew the largest amount since April, $8.6 million, from structures that allow shorting digital gold (previously they had added $0.5 million).<\/p>\n<p>Inflows were observed across a range of altcoins.<\/p>\n<p>In Ethereum funds, positive dynamics increased from $10 million to $72 million. Analysts attributed this to the likely approval of an ETF for the asset in the near future.<\/p>\n<p>Inflows into instruments based on Solana, Avalanche, and Chainlink amounted to $4.4 million, $2 million, and $1.3 million, respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-832.webp\" alt=\"2-832\" class=\"wp-image-236955\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, Standard Chartered maintained expectations for the return of the first cryptocurrency&#8217;s rate to <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> in August and subsequent growth to $100,000 by the U.S. presidential elections in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment products surged from $441 million to $1.44 billion between July 6 and July 12. This figure marks the fifth-largest in history, according to CoinShares. Since the beginning of the year, a record $17.8 billion has flowed into these instruments. For comparison, in 2021 this figure was $10.6 billion. Data: CoinShares. &#8220;Price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,569,1145],"class_list":["post-15210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15210"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15209"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}