Crypto Funds See Influx of Funds for 4th Consecutive Week

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CoinShares analysts have reported that from July 8 to July 14, inflows into cryptocurrency investment products totaled $137.4 million, a significant increase from the previous week’s total of $136.1 million.

This marks the fourth consecutive week of heavy inflows, with total inflows over the four week period totaling $742 million — the largest such surge since the fourth quarter of 2021.

Corresponding trading activity for this period increased from $1 billion to $2.3 billion. Most of the fund flows for the week were sent towards Bitcoin products, with $139.8 million ($132.8 million in the previous week) being allocated, and structures allowing for short positions recorded inflows of $3.2 million, compared to $1.8 million in the previous period.

Ethereum funds saw outflows of $1.6 million, while other altcoins experienced positive dynamics, raising a combined $1.3 million. XRP funds, meanwhile, only managed $0.1 million in receipts.

These trends occurred following Ripple’s court case win against the SEC, which caused the XRP currency to surge by 24 percent in one hour.