08-05-2022, 01:29 PM
Crypto Investment Products Attract Record Inflows in July
<p>With the latest weekly inflows of $81 million, crypto investment products saw monthly inflows of approximately $474 million in July, which is the highest level in 2022. Last month, Bitcoin investment products attracted $306 million worth of inflows. With that, BTC assets under management spiked above $20.4 billion during the mentioned period.</p><p>Ethereum, the world’s second-most valuable digital asset, witnessed inflows worth $137.9 million last month. Among other notable performers, crypto asset Solana (SOL) attracted almost $3.9 million in monthly inflows. Minor inflows were seen across Tron, Cardano and XRP investment products.</p><p>“Digital asset investment products saw inflows totaling US$81m last week, signifying the 5th consecutive week of inflows totaling US$0.53bn, or 1.6% of total assets under management (AUM). July represents the strongest set of monthly inflows so far this year totaling US$474m, almost correcting all of the June outflows which totaled US$481m. Regionally the majority of inflows were from North America with inflows from both the US and Canada totaling US$15m and US$67m, respectively. Brazil and Sweden both saw minor outflows,” CoinShares noted in its weekly <a href="https://coinshares.com/research/digital-asset-fund-flows" target="_blank">report</a>.</p><p>Amid the latest surge in institutional inflows, the total value of global crypto assets under management stands near $32.5 billion.</p><p>Weekly Performance</p><p>In the last week of July, investors poured almost $84.8 million into BTC investment products. Ethereum, <a href="https://www.financemagnates.com/tag/solana/" target="_blank">Solana</a> and Litecoin saw minor inflows. Global crypto asset management firms now manage approximately $8.2 billion worth of ETH assets.</p><p>“Bitcoin saw inflows totaling US$85m last week while short-Bitcoin saw outflows totaling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows. Multi-asset investment products, unusually, saw outflows for the second consecutive week totaling US$3.7m, suggesting investors are becoming more targeted in their investment. Solana saw minor inflows totaling US$1.5m, remaining the investor favorite for this year with year-to-date inflows totaling US$114m,” the report added.</p>
This article was written by Bilal Jafar at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...s-in-july/
<p>With the latest weekly inflows of $81 million, crypto investment products saw monthly inflows of approximately $474 million in July, which is the highest level in 2022. Last month, Bitcoin investment products attracted $306 million worth of inflows. With that, BTC assets under management spiked above $20.4 billion during the mentioned period.</p><p>Ethereum, the world’s second-most valuable digital asset, witnessed inflows worth $137.9 million last month. Among other notable performers, crypto asset Solana (SOL) attracted almost $3.9 million in monthly inflows. Minor inflows were seen across Tron, Cardano and XRP investment products.</p><p>“Digital asset investment products saw inflows totaling US$81m last week, signifying the 5th consecutive week of inflows totaling US$0.53bn, or 1.6% of total assets under management (AUM). July represents the strongest set of monthly inflows so far this year totaling US$474m, almost correcting all of the June outflows which totaled US$481m. Regionally the majority of inflows were from North America with inflows from both the US and Canada totaling US$15m and US$67m, respectively. Brazil and Sweden both saw minor outflows,” CoinShares noted in its weekly <a href="https://coinshares.com/research/digital-asset-fund-flows" target="_blank">report</a>.</p><p>Amid the latest surge in institutional inflows, the total value of global crypto assets under management stands near $32.5 billion.</p><p>Weekly Performance</p><p>In the last week of July, investors poured almost $84.8 million into BTC investment products. Ethereum, <a href="https://www.financemagnates.com/tag/solana/" target="_blank">Solana</a> and Litecoin saw minor inflows. Global crypto asset management firms now manage approximately $8.2 billion worth of ETH assets.</p><p>“Bitcoin saw inflows totaling US$85m last week while short-Bitcoin saw outflows totaling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows. Multi-asset investment products, unusually, saw outflows for the second consecutive week totaling US$3.7m, suggesting investors are becoming more targeted in their investment. Solana saw minor inflows totaling US$1.5m, remaining the investor favorite for this year with year-to-date inflows totaling US$114m,” the report added.</p>
This article was written by Bilal Jafar at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...s-in-july/