July Sees Record High Institutional Inflows into Crypto Products, Says CoinShares

According to the latest report from CoinShares, a leading digital asset investment firm, institutional inflows into crypto products have reached new monthly highs in July. The report highlights that digital assets have surpassed $11 billion in inflows over the last month, setting a new record even before the month has ended.

The report stated, “Digital asset investment products saw US$1.9bn in inflows last week, marking the 15th consecutive week of positive sentiment. This pushed month-to-date inflows to a record US$11.2bn, significantly surpassing the US$7.6bn seen in December 2024 following the US election.”

Regional Breakdown

Regionally, the United States led globally with $2 billion in inflows, followed by Germany at $70 million. On the other hand, Hong Kong, Canada, and Brazil experienced outflows of $160 million, $84.3 million, and $23.2 million, respectively.

Ethereum Dominates

Institutional investment in Ethereum (ETH) products continued to soar, with year-to-date inflows surpassing the total for the previous year. The report noted, “Ethereum stood out, unusually leading with US$1.59bn in inflows last week, its second-strongest week on record. Year-to-date inflows into Ethereum have now reached $7.79 bn, surpassing the total for all of last year.”

Bitcoin Outflows and Altseason

Contrary to expectations, Bitcoin (BTC) experienced outflows of $175 million. This could indicate the beginning of an “altseason,” as other altcoins like Solana and XRP attracted significant inflows. However, some altcoins like Litecoin and Bitcoin Cash saw outflows.

“While inconclusive, there are some signs: Solana and XRP attracted substantial inflows of US$311m and US$189m respectively, with SUI also seeing US$8m. However, beyond these names, inflows tapered off quickly. Several altcoins saw outflows, including Litecoin (US$1.2m) and Bitcoin Cash (US$0.66m).”

Stay Updated

For more news and updates on the crypto market, follow us on X, Facebook, and Telegram. Don’t miss out on the latest developments by subscribing to our email alerts.

Check Price Action and Surf The Daily Hodl Mix for all the latest trends and insights in the cryptocurrency space.

Generated Image: Midjourney