TechFlow reported on July 29 that CoinShares' latest weekly report showed $245 million inflows into digital asset investment products last week, with trading volume reaching $14.8 billion—the highest since May. Total assets under management (AuM) rose to $99.1 billion, and year-to-date total inflows reached a record $20.5 billion.
Bitcoin saw $519 million in inflows, with $3.6 billion inflows so far this month and $19 billion year-to-date. Discussions around Bitcoin as a potential strategic reserve asset during the U.S. election season, along with renewed expectations of Federal Reserve rate cuts, have boosted investor confidence.
The launch of spot Ethereum ETFs brought the largest capital inflows since December 2020, with newly launched ETFs attracting $2.2 billion and ETH ETP trading volume surging 542%. However, Grayscale's existing trusts continued to see outflows, totaling $1.5 billion, including a net outflow of $285 million last week—a situation similar to the Bitcoin ETF outflows seen in January 2024.
