Last week, institutions showed an influx of capital into crypto funds of $1.44 billion. And this is the fifth largest influx of funds into crypto funds since launch. This is evidenced by#Coinsharesdata for July 6-12.
According to CoinShares again, since the beginning of 2024, the total inflow amounted to $17.8 billion.
In general, based on the results of last week, there is an impression that the influx will continue. Last week, institutions clearly “buyed fear.” But the market has not reached the level of greed in which it is necessary to unload.
Specifically for spot#BitcoinETFs, the situation was immediately affected by two factors: small sales of #Graусаle and large purchases of#BlackRockand #Fidelity. At the same time, all other issuers also bought, and#ArkInvestwas again in third place.
Details on inflows/outflows for assets as a whole:
- Crypto products focused on#BTCshowed, as a result, a net inflow of +$1.347 billion (a week earlier, +$398 million).
- Crypto products focused on#BTCshorts experienced an outflow of -$8.6 million. Weeks earlier - inflows of +0.5 million, outflows of -$4.2 million and -$1.2 million. Institutional interest in short positions is falling again.
- Interest in crypto products focused on#ETHhas significantly increased, the influx amounted to as much as $72.1 million. A week earlier it was only +10.2 million $, then the asset lost to #SOL. It appears that institutions have taken advantage of discounted purchases ahead of the launch of spot Ethereum ETFs.
- Interest in #SOL, compared to the previous week (+16.3 million $), has cooled a little this time, but remains noticeable, +4.4 million $. BUT this is still more than all other altcoins.
- For the fourth week in a row, institutional money goes to Multi-asset, +$17.2 million. Weeks earlier it was +$12.8 million, +$17.9 million and +$98.3 million. Multi-asset, let us remind you, is an investment in funds or products that contain several different cryptocurrencies. The purpose of such products is diversification. This is clear and pronounced evidence of institutional expectations for the altseason.
Investments in individual altcoins are again very modest, but there has been growth in many:
-#LTCshowed +1.2 million $ (a week earlier +0.9 million $),
-#XRPshowed +1 million $ (a week earlier +0.4 million $).
-#ADAshowed +0.7 million $ (a week earlier +0.1 million $).
There were no inflows into #BNB,#LINKand #DOT.
Geographically, the leader in inflows is the United States by a wide margin. In second place, attention, is Hong Kong. This is not the first time. Although the volumes are more modest, they are there. Next are Switzerland, Canada, Germany, Australia, Sweden and Brazil. There were no countries with a net outflow last week.
