TechFlow news, on July 22, CoinShares' latest weekly report showed further inflows into digital asset investment products last week, amounting to $1.35 billion, bringing the total inflows over the past three weeks to $3.2 billion. Bitcoin saw inflows of $1.27 billion this week, while Bitcoin ETPs experienced outflows of $1.9 million, accumulating $44 million in outflows since March, reflecting sustained optimism following the April halving event.
Ethereum recorded $45 million in inflows last week, with year-to-date inflows reaching $103 million, surpassing Solana to become the altcoin with the highest inflows. Solana also registered inflows of $9.6 million last week, with total year-to-date inflows at $71 million. Litecoin was the only other altcoin with inflows exceeding $1 million, recording $2.2 million in inflows last week.
Regionally, the U.S. and Switzerland saw significant inflows of $1.3 billion and $66 million respectively, while Brazil and Hong Kong experienced minor outflows totaling $5.2 million and $1.9 million. Despite most ETFs outperforming global equity indices, blockchain equities faced outflows of $8.5 million. Overall ETP trading volume increased 45% week-on-week to $12.9 billion, though it still accounts for only 22% of the broader crypto market.
