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Crypto investment products saw massive inflows last week, pulling in $1.35 billion, per the latest <a href="https://blog.coinshares.com/volume-192-digital-asset-fund-flows-weekly-report-1f25c92e38fe" rel="nofollow noopener" target="_blank">data</a> from CoinShares. This brings the three-week total to an impressive $3.2 billion. 
Exchange-traded product (ETP) trading volumes also shot up by 45% compared to the previous week, reaching $12.9 billion.&nbsp; Despite this surge, ETPs only accounted for 22% of the total crypto market volume, which is lower than usual. 
<img loading="lazy" decoding="async" class="alignnone wp-image-558710 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15.jpg" alt="Crypto investment products pulled in $1.35 billion last week" width="1353" height="818" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15.jpg 1353w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-300x181.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-1200x725.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-768x464.jpg 768w" sizes="(max-width: 1353px) 100vw, 1353px"> 
<h3 id="span-style-font-weight-400-bitcoin-s-big-week-span">Bitcoin’s big week</h3> 
Bitcoin was the star of the show, pulling in $1.27 billion in inflows last week. On the other side, short-bitcoin ETPs saw outflows of $1.9 million, continuing a trend that has seen $44 million in outflows since March.&nbsp; 
This outflow is 56% of assets under management (AUM) for short-bitcoin products. Ethereum also saw positive momentum, with $45 million in inflows last week. This brings Ethereum’s YTD inflows to $103 million, overtaking Solana. 
Solana did manage to pull in $9.6 million last week, bringing its YTD inflows to $71 million. Litecoin was another altcoin that saw decent activity, with $2.2 million in inflows. 
<img loading="lazy" decoding="async" class="alignnone wp-image-558711 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55.jpg" alt="Crypto investment products pulled in $1.35 billion last week" width="1364" height="911" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55.jpg 1364w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-300x200.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-1200x801.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-768x513.jpg 768w" sizes="(max-width: 1364px) 100vw, 1364px"> 
But blockchain equities had a rough week, as they saw outflows of $8.5 million even as most ETFs outperforming world equity indices, said CoinShares. 
Last week, from July 15 to July 19, Bitcoin spot ETFs had a net inflow of $1.24 billion. This marked 11 consecutive days of net inflows. 
Grayscale’s GBTC ETF, however, saw a net outflow of $56.12 million. BlackRock’s IBIT ETF had a net inflow of $707 million, and Fidelity’s FBTC ETF saw $244 million in net inflows. 
Related: <a href="https://www.cryptopolitan.com/jpmorgan-bullish-reversal-impossible-crypto/">JPMorgan thinks a bullish reversal is impossible for crypto market</a> 
Regionally, the inflows and outflows were mixed. The US led the pack with $1.3 billion in inflows, followed by Switzerland with $66 million. 
However, Brazil and Hong Kong did not fare as well. Brazil saw outflows of $5.2 million, while Hong Kong had $1.9 million in outflows.

Crypto investment products pulled in $1.35 billion last week

Зміст

Cryptopolitan_News

Інші статті, опубліковані 22 лип. 2024 р.

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