Long-standing downtrend Bitcoin (BTC) and cryptocurrencies have been experiencing signs of recovery lately.
BTC At $23,000, the largest altcoin Ethereum (ETH) It is around $1,600.
digital asset manager CoinShares Despite the bear market in his latest report, investors are looking to maintain their short-term gains in crypto. cryptocurrency He said he continues to invest in his funds.
Stating that there was a net inflow of 474 million dollars to crypto money funds in July, CoinShares pointed out that this is the strongest monthly capital inflow of 2022.
Noting that there was a total of $81 million in capital inflows into crypto money investment products last week, CoinShares said “For the first time in a long time, positive inflows have been seen in crypto funds for five consecutive weeks.” said.
CoinShares also noted that the $481 million outflow from crypto funds in June has almost completely returned, along with the high inflow in July.
What’s the Situation in Bitcoin?
The report was published in the last week of July. Bitcoin’While it showed that there was an inflow of 85 million dollars, it revealed that there was only 2.6 million dollars of outflow.
Second place with $8.2 million entry and $2.8 million exit EthereumIt was seen that .
On a country-by-country basis, the highest entries this week were from Canada and the USA.
While it is seen that there is a weekly inflow of 67.1 million dollars from Canada to crypto money funds, this figure is 14.5 million dollars in the USA.
bitcoin and cryptocurrencyAlthough there has been a bullish mood in recent weeks, CoinShares said that transaction volumes continue at low levels.
Stating that this year’s weekly trading volume average is $2.4 billion, CoinShares pointed out that last week’s trading volume was calculated as $1.3 billion, and with this figure, it was below the average.