July Marks Strongest Month of Crypto Fund Inflows This Year: CoinShares

Digital-asset investment products saw inflows of $474 million last month, reversing June’s $481 million of outflows.

AccessTimeIconAug 1, 2022 at 5:24 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Jimmy is a CoinDesk markets reporter.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
CoinDesk - Unknown

Crypto funds saw their fifth consecutive week of inflows in the seven days ended July 29. (CoinShares)

Crypto funds saw a fifth consecutive week of inflows, with net inflows of $81 million in the seven days ended July 29, according to a CoinShares report on Monday. July’s $474 million of inflows were the largest monthly amount this year and reversed June’s outflows of $481 million.

Bitcoin (BTC) investment products saw $85 million in inflows last week, while short-bitcoin positions, which bet on a price decline of the largest cryptocurrency by market capitalization, saw $2.6 million in outflows.

Altcoin funds saw mixed movement with $1.5 million of inflows for Solana and $700,000 of outflows for Cardano. Ether-focused funds saw inflows of $1.1 million.

Multi-asset investment products saw outflows for the second consecutive week, with $3.7 million in outflows. CoinShares attributed the outflows to investors “becoming more targeted in their investment.”

Regionally, most inflows came from North America, with U.S inflows totaling $15 million and Canadian inflows totaling $67 million. Brazil and Sweden both saw outflows of less than $5 million.

Despite a bullish mood among crypto fund investors, trading activity has remained low. Last week’s trading volume was $1.3 billion, compared with this year’s weekly average of $2.4 billion.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Author placeholder image

Jimmy is a CoinDesk markets reporter.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Author placeholder image

Jimmy is a CoinDesk markets reporter.