CoinShares specialists, studying the market, noted a change in the trend of investments in multi-cryptocurrency products, which are experiencing capital outflows for the second week in a row.
Analysts at CoinShares posted a report saying that the growth in investments in cryptocurrencies continues for the fifth week in a row and reached $0.53 million or 1.6% of total assets under management (AuM). In particular, last week the inflow of investments in digital assets amounted to $81 million.
According to analysts, the inflow of funds into accounts in July amounted to $474 million, which is comparable to June's $481 million. When comparing countries, most of the investments traditionally came from the United States, followed by Canada: $67 million and $15 million for the week, respectively. Brazil and Sweden experienced minor outflows, the report said.
Last week, Bitcoin funds received $85M inflows, while BTC shorts totaled $2.6M. This is the first such week since the recent bearish trend of five consecutive weeks of outflows. The report said that multi-asset investment products saw outflows for the second week in a row. Last week, it amounted to 3.7 million: investors are becoming more purposeful in their investments, CoinShares experts state.
Analysts report that Solana received a modest inflow of funds totaling $1.5M, while remaining the favorite for investors in 2022: $114M since the beginning of January. Last week, Polkadot posted a $0.4M investment inflow. Experts say that despite the more optimistic mood for digital assets, trading activity remains very low: weekly trading volumes were $1.3B, while the average weekly figure for the year is $2.4 billion
Recently, the Civic Science research agency, through a survey of 1,000 investors, concluded that holders of cryptocurrencies with an income of more than $150,000 saved assets during the market fall.
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