CoinShares Reports Over $1 Billion in Weekly Inflows for Crypto Funds

From June 28 to July 4, cryptocurrency funds garnered $1.04 billion. The total assets under management (AUM) reached a record high of $188 billion, as reported by CoinShares in their latest report.

This trend of investment inflows into crypto funds has persisted for the twelfth consecutive week since April.

During this reporting period, trading volume amounted to $16.3 billion, aligning closely with the average weekly figures seen since the beginning of the year.

Bitcoin-based investment products attracted $790 million at the start of July. This figure is lower than the previous three weeks, where the average inflows were around $1.5 billion. The slowdown in fund inflows suggests increasing caution among investors as Bitcoin approaches its historical peak, according to CoinShares analysts.

Ethereum products experienced their eleventh consecutive week of investment growth. In early July, they attracted $226 million. Over the past week, the inflow amounted to 1.6% of AUM, significantly higher than Bitcoin’s 0.8%. The report authors interpret this as a noteworthy shift in investor sentiment favoring the second-largest cryptocurrency by market capitalization.

From June 28 to July 4, investments in instruments related to Solana and Sui totaled $21.6 million and $1.6 million, respectively. Analysts noted that Solana achieved its highest inflow in the past 69 weeks.

Weekly capital distribution by country shows the following: the United States led with an inflow of $1 billion, followed by Germany ($38.5 million) and Switzerland ($33.7 million). Meanwhile, Canada and Brazil reflected weak interest, with outflows of $29.3 million and $9.7 million, respectively.

It’s worth noting that in the previous week, the total capital inflow into crypto funds was reported at $2.7 billion.