Inflows Recorded Across Digital Assets for the First Time in 9 Weeks: CoinShares Report


After five weeks of consecutive outflows, digital asset investment products finally saw inflows last week totaling $63 million in the week ending July 2nd, according to CoinShares’ data.

It was also the first time in nine weeks that inflows were seen across all individual digital assets, “implying a turnaround in sentiment amongst investors.”

Bitcoin saw the most inflows at $39 million, a minor update to the previous weeks’ data highlighting a two-week run of inflows now.

Compared to Bitcoin’s (BTC) two consecutive weeks of inflows, Ethereum (ETH) had three weeks of inflows totaling $18 million. BTC 1.32% Bitcoin / USD BTCUSD $ 61,504.55
$811.861.32%
Volume 28.9 b Change $811.86 Open $61,504.55 Circulating 18.85 m Market Cap 1.16 t
1 d Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing” 2 d Green Energy Bitcoin Miner, MintGreen, to Supply Heat to 100 Homes in Canada 2 d Australia's Pension Fund Giant with $69 Billion AUM Is Open to Investing in Crypto
ETH 0.57% Ethereum / USD ETHUSD $ 3,847.13
$21.930.57%
Volume 15.76 b Change $21.93 Open $3,847.13 Circulating 117.97 m Market Cap 453.85 b
1 d Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing” 2 d Bitcoin Breaks Through $61,000 as Euphoria & ‘Greed’ Brings the Money Back In 2 d Indexed Finance's NDX Is Down 92% from ATH After $16 Million Hack Sends it Crashing

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While inflows have finally come in, Bitcoin investment product trading turnover was the lowest since November 2020. According to CoinShares, a similar observation was seen more broadly across the whole of the Bitcoin ecosystem, with volumes down 38% relative to the average for 2021.

Among altcoins, Polkadot (DOT) had the highest inflows of $992.1 million followed by XRP and Cardano (ADA) at $512 million and $90.7 million respectively. DOT 1.81% Polkadot / USD DOTUSD $ 42.26
$0.761.81%
Volume 1.79 b Change $0.76 Open $42.26 Circulating 987.58 m Market Cap 41.74 b
3 d CME Bitcoin Futures Open Interest Cracks A New ATH, Ethereum Aims for $4k Again 3 d Polkadot Sets Launch Date for Initial Parachain Auctions, DOT Soars 17% Ahead of Crypto Market 5 d Institutions Are Back to Pouring Money into Bitcoin as a “Perfect Storm” Brews for the King
XRP -2.83% XRP / USD XRPUSD $ 1.10
-$0.03-2.83%
Volume 3.21 b Change -$0.03 Open $1.10 Circulating 46.88 b Market Cap 51.39 b
1 d Ripple Joins The Digital Pound Foundation to Help In The Development of A CBDC In the United Kingdom 3 d Australian Stock Exchange (ASX) to List Crypto-Focused ETF on 'Growing' Investor Demand 5 d Ripple And NelNet Join Forces to Fast-Track Crypto’s March to Renewable Energy
ADA -1.00% Cardano / USD ADAUSD $ 2.15
-$0.02-1.00%
Volume 2.04 b Change -$0.02 Open $2.15 Circulating 32.9 b Market Cap 70.87 b
3 d Polkadot Sets Launch Date for Initial Parachain Auctions, DOT Soars 17% Ahead of Crypto Market 5 d Institutions Are Back to Pouring Money into Bitcoin as a “Perfect Storm” Brews for the King 1 w Robinhood Cites Regulatory Actions or Policies Towards Crypto as Business Risk in Filing

Inflows of $0.6 million were seen into multi-digital asset investment products; however, this was much smaller than previous weeks suggesting investors were less interested in diversification.

When it comes to digital asset managers, the largest one in the world, Grayscale still hasn't seen any while its AUM is currently at just above $30 billion. Meanwhile, the second-largest CoinShares had net outflows with its AUM now at almost $3.3 billion, with 3iQ also recording net outflows.

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