Crypto investment products saw their third straight week of inflows last week, reaching $1.35 billion. This has pushed the total inflows for July to surpass $3 billion, according to CoinShares’ latest weekly report.
Notably, ETP trading volumes also rose significantly last week, increasing by 45% week-on-week to $12.9 billion. However, this significant volume only accounts for 22% of the overall crypto market volume.
Positive sentiments
Bitcoin-related products led the inflows, contributing 95% of the total with $1.27 billion. The flows were dominated by BlackRock’s IBIT and Fidelity’s FBTC, whose BTC ETFs saw nearly $1 billion in inflows last week.
Conversely, short-bitcoin ETPs saw outflows of $1.9 million, bringing total outflows since March to $44 million, representing 56% of assets under management (AuM).
James Butterfill, head of research at CoinShares, explained that this trend indicates the enduring positive investor sentiment since Bitcoin completed its halving event in
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