This week has proven to be successful for crypto funds, with record capital inflows, but not all assets showed positive dynamics.
Record Inflows in Crypto Funds
According to CoinShares' latest weekly report, digital asset investment products saw net inflows of $1.9 billion, marking the 15th consecutive week of gains. Total inflows for July have now reached $11.2 billion, the highest monthly figure ever.
Ethereum Stands Out Amid Overall Growth
Ethereum became the leader in inflows with $1.59 billion, marking the second largest weekly inflow ever. Year-to-date, Ethereum has already attracted $7.79 billion, surpassing its total for all of 2024. ETH dominance has risen to 12%, its highest level in five years.
Dynamics of Bitcoin and Other Cryptocurrencies
In contrast, Bitcoin recorded outflows of $175 million, marking the first loss in several weeks. This is also the second consecutive week BTC has fallen behind ETH. Other cryptocurrencies, such as Solana and XRP, attracted $311 million and $189 million respectively, while Litecoin and Bitcoin Cash experienced slight outflows.
Thus, there is a sharp turn in the dynamics of crypto assets, with Ethereum showing a growing interest among investors while Bitcoin is facing challenges.
