5th Consecutive Week of Digital Asset Inflows: Report

Coinshares is reporting that crypto, or digital assets, have booked their 5th consecutive week of inflows after a period of prolonged decline.

According to the report, last week digital assets saw $81 million of purchases and a 5 week total of $530 million as investors inched back into crypto markets.

July is the best month so far in 2022 as $474 million went into crypto reversing all of June’s outflows.

Bitcoin experienced purchases of $85 million last week and short Bitcoin so $2.6 million of outflows.

North America was the driver of much of the activity with inflows from both the US and Canada totalling $15 million and $67 million respectively.

Multi-asset investment products saw outflows for the second consecutive week totalling $3.7 million, a move that Coinshares describes as investors being more targeted in their investing.

Solana saw minor inflows totalling $1.5 million, remaining the investor favourite for this year with year-to-date inflows totalling $114 million.

Coinshares added that despite a more bullish mood trading activity remains low with total trading volume last week of $1.3 billion in comparison to the weekly average during 2022 of $2.4 billion.

 

 

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