Crypto investment products experienced their third consecutive week of inflows, totaling $1.35 billion last week. July’s total inflows have now exceeded $3 billion, according to CoinShares’ latest weekly report.
ETP trading volumes also saw a notable increase last week, rising by 45% week-on-week to reach $12.9 billion. However, this volume represents only 22% of the total crypto market volume.
Positive Sentiments
Bitcoin-related products led the inflows, accounting for 95% of the total with $1.27 billion. Inflows were primarily driven by BlackRock’s IBIT and Fidelity’s FBTC, both of which saw nearly $1 billion in inflows last week. Short-bitcoin ETPs, on the other hand, experienced outflows of $1.9 million, totaling $44 million since March, representing 56% of assets under management.
James Butterfill, head of research at CoinShares, noted that this trend reflects the ongoing positive investor sentiment following Bitcoin’s halving event in April.
Ethereum-related products also saw positive momentum, attracting $45 million in inflows last week and surpassing Solana with year-to-date inflows of $103 million. The surge in Ethereum inflows is linked to the forthcoming launch of its spot ETFs.
Regional Inflows and Outflows
In terms of regional trends, the US and Switzerland saw significant inflows of $1.3 billion and $66 million, respectively, while Brazil and Hong Kong experienced minor outflows of $5.2 million and $1.9 million, respectively.
