CoinShares: The flow of funds to crypto funds has slowed down

The inflow of funds into cryptocurrency investment products for the period from July 30 to August 5 amounted to $3 million. Over the past six weeks, the total amount of receipts has reached $529 million, according to CoinShares.

Since the beginning of the year, crypto funds have raised $492 million.

Data: CoinShares.

According to analysts, the AUM of crypto products in the industry as a whole has reached $31.4 billion.

Despite the deteriorating market conditions, management companies launched 32 new instruments in the second quarter. This is the second figure after October-December 2021 (33).

Traditional bitcoin funds experienced outflows inin the amount of $8.5 million. Of the structures that allow you to open shorts on the first cryptocurrency, the second withdrawal of client funds following the results of the week ($7.5 million) was recorded.

The inflow into Ethereum-based products ($16 million) continues for the seventh week in a row. Investors in anticipation of The Merge increased their positions by $159 million.

Data: CoinShares.

According to experts, lowtrading activity. The volume of transactions with crypto products at the end of the last reporting week amounted to $1.1 billion, which is more than half the average since the beginning of the year ($2.4 billion).

Recall that Grayscale analysts allowed the completion of the crypto winter by the end of March 2023.

Earlier, CoinShares Strategy Director Meltem Demirors predicted that Bitcoin would reach a new all-time high in the next 24 months.

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