The inflow into cryptocurrency investment products from June 29 to July 5 amounted to $441 million after an outflow of $30 million a week earlier. Such calculations were brought to CoinShares.
Data: CoinShares.Analysts noted the return of consumer activity. Its trigger was the weakness of prices amid concerns about the sale of coins by the German authorities and the beginning of the distribution of bitcoins among Mt.Gox customers.
ETP trading volume increased from $6.2 billion to a relatively low $7.9 billion, partly due to a decrease in activity during the summer months.
Investors added $398 million to bitcoin—related instruments, compared to $10 million in the previous reporting period.
Clients have contributed $0.5 million to the structures that allow opening digital gold shorts (previously they withdrew $4.2 million).
Analysts noted that 10% of all revenue came from a wide range of altcoins, which is an atypical situation.
In particular, investors invested $16 million in Solana-based products. The figure has reached $57 million since the beginning of the year, the best result among competitors.
In Ethereum funds, the inflow amounted to $10 million after an outflow of $61 million a week ago. The dynamics since January 1 remained negative (-$15 million).
Data: CoinShares.Recall that in early June, Bloomberg analyst Eric Balchunas allowed the launch of spot Ethereum ETFs on July 2. Reuters gave a similar forecast: according to the agency, the approval of the products by the Commission was expected on July 4.
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