{"id":15639,"date":"2024-07-29T14:02:54","date_gmt":"2024-07-29T11:02:54","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-inflows-reach-4-6-billion-since-july\/"},"modified":"2024-07-29T14:02:54","modified_gmt":"2024-07-29T11:02:54","slug":"cryptocurrency-inflows-reach-4-6-billion-since-july","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptocurrency-inflows-reach-4-6-billion-since-july\/","title":{"rendered":"Cryptocurrency Inflows Reach $4.6 Billion Since July"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds from July 20 to 26 amounted to $245 million. Since the beginning of July, the figure has reached $4.56 billion, according to <a href=\"https:\/\/blog.coinshares.com\/volume-193-digital-asset-fund-flows-weekly-report-beee6a750b13\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1126.webp\" alt=\"1-1126\" class=\"wp-image-237973\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>The turnover of <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> surged to a May high of $14.5 billion.<\/p>\n<p>Thanks to the recovery in prices, the total volume of assets reached $99.1 billion.<\/p>\n<p>Clients added $519 million to bitcoin-related products, bringing the monthly total to $3.6 billion.<\/p>\n<p>Investors contributed $0.3 million to structures allowing short positions on digital gold, after previously withdrawing $1.9 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cConfidence was restored by pre-election comments in the US about bitcoin as a potential reserve asset, as well as increased chances of a <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> rate cut in September 2024,\u201d specialists commented.<\/p>\n<\/blockquote>\n<p>CoinShares noted that the launch of US spot Ethereum ETFs led to the largest inflow into instruments since December 2020. According to experts&#8217; calculations, clients directed $2.2 billion into the new ETFs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThis figure is somewhat contradictory. Grayscale placed ~$1 billion into its new Mini Trust ETF a week earlier using capital from a larger structure. Additionally, there was a continued outflow from Grayscale&#8217;s ETHE of $1.5 billion. This resulted in a net capital withdrawal of $285 million. The situation is similar to GBTC during the<\/em> <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\"><em>launch of BTC-ETF<\/em><\/a> <em>in January 2024,\u201d<\/em> analysts explained.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-845.webp\" alt=\"2-845\" class=\"wp-image-237974\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>According to recent estimates, the outflow from Grayscale Ethereum Trust since the ETF approval has reached $1.51 billion.<\/p>\n<p>Earlier, experts assessed the impact of fund withdrawals from the product on Ethereum&#8217;s dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds from July 20 to 26 amounted to $245 million. Since the beginning of July, the figure has reached $4.56 billion, according to CoinShares. Data: CoinShares. The turnover of ETP surged to a May high of $14.5 billion. Thanks to the recovery in prices, the total volume of assets reached $99.1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,569,46,1145],"class_list":["post-15639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-etf","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15639"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15638"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}