According to a report by CoinShares, crypto funds continued to draw significant investments in early July, reaching a record $188 billion in assets under management.
Continued Investment Growth
From June 28 to July 4, crypto funds attracted $1.04 billion. This trend has persisted for the twelfth consecutive week since April. The trading volume during this period was $16.3 billion, aligning with average weekly figures for the year.
Trends in Bitcoin and Ethereum Inflows
Bitcoin-based investment products drew $790 million in early July, a decrease from the previous three weeks' average of $1.5 billion. This slowdown in inflows indicates growing caution among investors as Bitcoin approaches its all-time high. Meanwhile, Ethereum products recorded eleven consecutive weeks of investment growth, raising $226 million at the beginning of July. Analysts note this signifies a noticeable shift in investor sentiment toward the second-largest cryptocurrency.
Regional Differences in Investment Flows
Investments in instruments related to Solana and Sui totaled $21.6 million and $1.6 million, respectively, with analysts noting that Solana had its highest investment inflows in the past 69 weeks. Regionally, the U.S. led with inflows of $1 billion, followed by Germany ($38.5 million) and Switzerland ($33.7 million). Canada and Brazil experienced outflows of $29.3 million and $9.7 million, respectively.
Overall, crypto funds continue to attract capital against the backdrop of changing investor sentiment, particularly regarding Ethereum and Solana.
