Last week, institutions again actively invested in crypto assets, and not only BTC. This is evidenced by#Coinsharesdata for July 13-19. As we wrote when analyzing the last report, “there is an impression that the influx will continue.”
Compared to a week earlier, the inflow decreased slightly ($1.353 billion versus $1.44 billion), but there is no reason to believe that this is the beginning of a decline. Especially considering the start of trading in spot Ethereum ETFs tomorrow.
For spot#BitcoinETFs, the “recipe for success” is the same: small sales of #Graусаle and large purchases of#BlackRockand #Fidelity. At the same time, almost all issuers were buying, 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 +$1.277 billion (a week earlier +$1.347 billion).
- Crypto products focused on#BTCshorts have a small outflow of -$1.9 million. Weeks earlier: outflows of -$8.6 million, inflows of +$0.5 million, outflows of -$4.2 million and -$1.2 million. It cannot be said that institutional interest in short positions has completely disappeared.
- On the eve of the launch week of spot Ethereum ETFs, the inflow into crypto products focused on#ETHamounted to $45.3 million. Weeks earlier it was $72.1 million and +$10.2 million. Previously, institutions took advantage of “discounts” and bought on asset corrections, but now their interest has decreased.
- Interest in#SOLremains stable, +$9.6 million. Weeks earlier it was +$4.4 million and +$16.3 million. In the last analysis they wrote that we are waiting for a correction in the asset. Expectations are valid. Let's do a UPD analysis.
- For the fifth week in a row, institutional money goes to Multi-asset, +$16.7 million. Weeks earlier were +$17.2 million, +$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. Institutions continue to prepare for the altseason and are building diversified portfolios.
Investments in individual altcoins continue to be modest, but they are:
-#LTCshowed +2.2 million $ (weeks earlier +1.2 million $ and +0.9 million $),
-#LINKshowed +0.7 million $ (not a week earlier),
-#XRPshowed +0.5 million $ (weeks earlier +1 million $ and +0.4 million $),
-#ADAshowed +0.4 million $ (weeks earlier +0.7 million $ and +0.1 million $),
-#BNBshowed +0.4 million $ (not a week earlier).
There were no influxes to #DOT.
Geographically, the leader in inflows is the United States by a wide margin. In second place is Switzerland (with a noticeable volume), followed by Canada and Australia with a large lag. Germany, Hong Kong, Brazil, and Sweden showed outflows. But the volumes are not large.
