CoinShares: Digital asset investment products saw net inflows of $3.7 billion last week, marking the 13th consecutive week of inflows

On July 14th, CoinShares released its latest weekly report showing that digital asset investment products saw inflows of $3.7 billion last week, the second-highest weekly inflow on record. This also marks the 13th consecutive week of inflows, with cumulative inflows reaching $21.8 billion and year-to-date (YTD) inflows reaching $22.7 billion. Assets under management (AuM) broke through the $200.0 billion mark for the first time, reaching a new high of $211.0 billion. ETP trading volume reached $29.0 billion, double the weekly average for the year. Bitcoin saw weekly inflows of $2.7 billion, bringing its total assets under management to $179.5 billion. This is the first time it has reached 54% of the total assets under management of gold ETPs. Short Bitcoin ETP trading activity was extremely low. Ethereum saw inflows for the 12th consecutive week, totaling $990.0 million, the fourth highest on record. In relative terms, Ethereum's inflows over the past 12 weeks accounted for 19.5% of its assets under management, compared to 9.8% for Bitcoin. $XRP had the highest weekly outflows, totaling $104.0 million, while Solana recorded strong inflows of $92.60 million. [Deep Tide TechFlow]