According to TechFlow, on July 8, CoinShares' latest weekly report showed that the total inflow of funds into digital asset investment products last week reached $441 million. The recent price weakness caused by the Mt Gox incident and the selling pressure from the German government are likely to be seen as buying opportunities.
Bitcoin saw inflows of $398 million, but only accounted for 90% of total inflows as investors chose to invest in a wider range of altcoins. Solana was the best performer with inflows of $16 million last week and $57 million year-to-date. Ethereum saw a turn for the better, with inflows of $10 million, but remains the only ETP with net outflows year-to-date. Blockchain stocks did not reflect the improvement in investor sentiment, with outflows of $8 million last week and $556 million year-to-date.