According to the company, digital asset investment products recorded the highest month in July after the end of the month, with a total inflow of $ 474 million. CoinShares Digital Asset Fund Flow Weekly Report.
The report revealed that the inflow of digital asset investment products for the week starting July 25 was $ 81 million.
It recorded inflows for the fifth straight week, with total inflows of $ 530 million during that period.
These inflows have picked up sharply in the direction of the market after a total outflow of $ 481 million in the June deficit.
It turned around after the broader crypto market regained its $ 1 trillion mark and key digital assets recovered slightly from the bear market.
Short Bitcoin position records first outflow in 5 weeks
The short Bitcoin position recorded its first outflow in five weeks as investors withdrew $ 2.6 million. This suggests that bearish market sentiment has eased.
Meanwhile, Bitcoin (BTC) investment products were the most influx, with institutional investors investing about $ 85 million.
Ethereum (ETH) continued its positive flow as it recorded an inflow of $ 1.1 million. Other altcoins such as Solana (SOL) recorded an inflow of $ 1.5 million, while Litecoin (LTC) recorded an inflow of $ 100,000.
However, there was an unusually bad week for multi-asset investment products, with a $ 3.7 million outflow. This is the second consecutive week outflow of asset classes, ending the month with a $ 400,000 outflow.
Objective Influx of lead service providers
Most of the July 25 weekly inflow came for a purpose of $ 60.3 million. Other providers such as 21Shares, ProShares and CoinShares contributed the remaining $ 20.8 million inflows.
Only CoinShares XBT recorded a $ 2.9 million outflow, ending the month with a $ 10.2 million outflow.
North American investors are bullish
Geographically, Canada had the highest inflow of $ 67.1 million during the week of July 25, while Switzerland had the highest inflow of $ 356 million.
By the way, the United States has recorded only an inflow of $ 56 million by July.
Brazil also saw a small outflow of $ 3.3 million, but Sweden continued to record the outflow, ending the month in the red.
Meanwhile, trading activity last week was $ 1.3 billion, well below the annual average of $ 2.4 billion.
