The net inflow of digital asset investment products exceeded 1.3 billion magnesium last week
The latest weekly report data from digital asset management company CoinShares shows that digital asset investment products (ETPs) launched by institutions saw a net inflow of US$1.35 billion last week. It has been a net inflow for three consecutive weeks, and the cumulative inflow during this period reached US$3.2 billion.
Meanwhile, trading volume for digital asset ETPs also increased significantly last week, rising 49% quarter-to-quarter to $12.9 billion, but accounting for only 22% of the broad cryptocurrency market’s trading volume.
From a regional perspective, the United States and Switzerland saw net inflows of US$1.3 billion and US$66 million respectively last week, but Brazil and Hong Kong saw net outflows of US$5.2 million and US$1.9 million respectively.
Source: CoinShares
The net inflow of digital asset investment products exceeded 1.3 billion magnesium last week
CoinShares Analyst Names 3 Altcoins With Inflows
From an asset class perspective, Bitcoin saw a net inflow of US$1.27 billion last week, while short Bitcoin products saw an outflow of US$1.9 million. Since March, this product has seen a cumulative outflow of US$44 million, accounting for 10% of its total assets under management (AuM). 56%, highlighting the bullish sentiment since the halving event.
CoinShares analysts also specifically named the following three altcoins, all of which have experienced considerable net inflows:
Ethereum ($ETH): With net inflows of $45.3 million last week, it surpassed Solana ($SOL) to become the altcoin ETP product with the most inflows year-to-date, totaling $103 million.
Solana ($SOL): Net inflows last week were $9.6 million, but currently lags behind Ethereum with $71 million in year-to-date inflows.
Litecoin ($LTC): With net inflows of $2.2 million last week, it was the only altcoin ETP product to see over $1 million in inflows last week.
CoinShares analysts also pointed out that although most ETFs performed better than global stock indexes, blockchain stocks still saw $8.5 million in outflows last week, which is a big gap compared to the above products.
Source: CoinShares
CoinShares Analyst Names 3 Altcoins With Inflows
BlackRock Bitcoin Spot ETF sees biggest daily inflows since March
On the day the U.S. Securities and Exchange Commission (SEC) announced its approval of the Ethereum spot ETF, the U.S. Bitcoin spot ETF had a record-breaking performance.
According to statistics from SoSoValue, on Monday (7/22) U.S. time, Bitcoin spot ETFs saw a net inflow of US$533 million, of which BlackRock’s ETF attracted US$526 million in funds, setting the largest single-day inflow since March. record.
Since its listing, the cumulative total net inflows of U.S. Bitcoin spot ETFs have reached US$17.59 billion, with total assets under management of US$62.14 billion.
Image source: SoSoValue
U.S. Bitcoin Spot ETF 7/22 Fund Flow Data
On the other hand, the Ethereum spot ETF is expected to launch today, with some analysts predicting that expected inflows after the listing will be less than half of Bitcoin. "Bloomberg" ETF analyst Eric Balchunas even said that the Ethereum ETF is positioned more like an "assistant" to Bitcoin, on the grounds that the Ethereum ecosystem is more similar to technology stocks and is more difficult for traditional retail investors to understand.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice. The analysts’ views are for reference only. Users should consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.
