Yesterday, July 3, CoinShares portal published weekly report on the inflow of funds into cryptocurrency funds. Over the past seven days, it amounted to $125 million. This is the second week in a row, during which there is a positive trend in the segment.
For the period from June 19 to July 2, net inflows amounted to $334 million. This is a good indicator that reflects the increased demand for cryptocurrency derivative products.
The current dynamics looks like this:
It is noteworthy that 98% of the total amount of funds received comes from bitcoin funds. At the same time, there is an outflow of $0.9 million for short positions in this segment. But Ethereum shows an increase of $2.7 million:
As for the total assets under management (AuM), the indicator rose to $37 billion. This is the highest value since the beginning of June 2022. Also, this figure is in line with the average for the entire last year.
The positive dynamics in CoinShares was explained by price growth. Bitcoin is showing signs of a bull-run. This, in turn, is dictated by the activation of large investment companies that have applied for registration of spot bitcoin ETFs. Speaking of which, both Cboe and Nasdaq have resubmitted their filings with the SEC. Prior to this, the regulator closed all applications, explaining its decision by their opacity.
Source: Cryptocurrency
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