Crypto Funds Record Another Week Of Inflow, Bitcoin Monthly MACD Turns Green
Bullish Sentiment on Crypto Continues According to CoinShares data, crypto asset inflow for the week ending July 2 was $125 million. Another week of inflow brings the total inflows in the last two weeks to $334 million, almost 1% of total assets under management (AUM). advertisement Bitcoin again recorded the largest share of inflows worth $123 million. However, short Bitcoin investment products saw a 10th week of successive outflows despite a recent price jump, with this week’s outflow of $0.9 million. Weekly Crypto Asset Flows. Source: CoinShares “ Bitcoin remained the primary focus of investors, seeing inflows of US$123m, with the last 2 weeks inflows representing 98% of all digital asset flows. Bitcoin investment products are now back to a net inflow year-to-date having been in a net outflow position of US$171m just 2 weeks ago.” Investors were also interested in top altcoins including Ethereum, Litecoin, XRP, and Cardano. ETH led with...