According to a CoinShares report, Bitcoin's price drop below $54,000 was seen by investors as a buying opportunity. Even with the BTC selling pressure from the German authorities, crypto funds have attracted a significant amount of capital.

The largest influx of funds came from the United States - $384 million.

According to the report, active buying was observed in many regions of the world, including Hong Kong, Switzerland and Canada. There was an influx of capital of $32 million, $24 million and $12 million, respectively, the document says.

Germany was an exception - the outflow of funds in the country amounted to $23 million. According to CoinShares analysts, July 2024 could be a favorable month for exchange-traded products based on the first cryptocurrency. And also ether.

Earlier, experts from the K33 Research platform said that ether will be able to surpass Bitcoin in terms of price growth. The reason will be the launch of exchange-traded funds on ETH in the United States.