Key Takeaways:
Crypto funds witnessed inflows totaling $81 million last week, marking the fifth consecutive week of inflows totaling $0.53 billion. BTC ended the month at $23,300 – 16.8% higher than the June closing price. July was BTC’s best-performing month since October 2021.
European cryptocurrency investment firm CoinShares put out a report detailing the Digital Asset Fund Inflows in the past month. As per the report, July witnessed the strongest set of monthly inflows this year, totaling US$474m, almost correcting all of the June outflows, totaling US$481m. This performance was despite July being an extremely volatile month with the U.S. logging concerningly high CPI numbers and the Federal Reserve increasing the interest rates again.
[4/4] Bitcoin saw inflows totalling US$85m last week while short-Bitcoin saw outflows totalling US$2.6m, the first week of outflows after the recent bear market saw a 5 week run of inflows. Click here for the full article: https://t.co/MbvaGEUdwi — CoinShares
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