Crypto Funds Record Strongest Institutional Monthly Flows in 2022
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Answer Crypto Funds Record Strongest Institutional Monthly Flows in 2022
After announcing a tough second quarter for the cryptocurrency markets this year, institutions are back in the arena once again.
According to the latest report by CoinShares, institutional monthly flows towards crypto funds have remained strong over the past month (July).
The total monthly inflows for the month of July amounted to 474 million dollars.
This offset June’s net outflows totaling $481 million.
Last week, digital asset investment products saw net inflows of $81 million.
This was the fifth consecutive week of inflows following the crypto winter in the second quarter of 2022.
Net inflows over the five weeks were $0.53 billion, or 1.6% of total assets under management.
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Bitcoin uprising:
Last week, bitcoin investment products reported net inflows of $85 million.
On the other hand, short Bitcoin outflows amounted to $2.6 million.
This was also the first week of bitcoin outflows after five weeks of inflows.
Solana also recorded minor inflows of $1.5 million.
Additionally, SOL remained a favorite among investors in 2022 with $114 million in inflows as of the date of this article.
According to a reportCoinShares“:
Crypto investment products saw outflows for the second week in a row totaling $3.7 million, indicating that investors are becoming more targeted in their investments.
The CoinShares report also hints at caution at this point, as despite the strong bullish momentum, overall trading activity remains low.
Last week, total cryptocurrency trading volumes reached $1.3 billion compared to this year’s weekly average of $2.4 billion.
August is likely to remain volatile for the crypto space.
In the last month, altcoins saw a strong rally led by Ethereum with optimism surrounding The Merge upgrade.
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Bitcoin finished last month with gains of over 18%.
So it will be interesting to watch the new developments in the new month of August.
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