Nearly $85 Million Flowed Back into Bitcoin (BTC) Investment Products Last Week

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 The top crypto asset, BTC saw a total inflow to $306.3 million in July and $326.1 million in 2022

Institutions opted to buy back into crypto throughout July, according to leading digital assets manager CoinShares

Digital asset investment products witnessed a total of $474 million worth of inflows throughout July, the highest total of any month in 2022, per CoinShare’s latest Fund Flows Weekly report

The monthly total almost matched June’s $484 million worth of outflows, with the last week of July witnessing $81 million worth of inflows, a fifth consecutive week of inflows


Source: CoinShares

Ethereum (ETH) investment products witnessed only $1.1 million in inflows last week, bringing ETH’s monthly total to $137.9 million. Ethereum investment products, however, still have $314.9 million worth of outflows in 2022.

Solana (SOL) investment products were more favored among investors, with $1.5 million worth of inflows last week. SOL remains the favorite investment product among all altcoins, with $114 million worth of inflows in 2022.

However, it’s not all bullish metrics, according to CoinShares.

“Despite a more bullish mood in digital assets, trading activity remains very low, with last week’s volumes totaling $1.3 billion compared to this year’s weekly average of $2.4 billion.”

BTC is trading at $22,816 at time of writing. The top-ranked crypto asset by market cap is down nearly 2% in the past 24 hours.


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