Investors Seize Opportunity to Drive 441 Million Capital Inflow CoinShares

CoinDesk Report:
The recent price weakness triggered by the sell-off pressure from Mt.Gox and the German government may be seen as a buying opportunity, as evidenced by the inflow of $441 million into digital asset investment products in the past week.
During the same period, the trading volume of exchange-traded products (ETPs) was lower at $7.9 billion, consistent with the usual summer downtrend. This also means that the participation rate is 17% lower compared to the total market of trusted exchanges.
Solana, Ethereum Turn Positive
According to CoinShares’ latest Digital Asset Fund Flows Weekly report, Bitcoin attracted $398 million in inflows in the past week, accounting for 90% of the total inflows, lower than the usual 99%. Therefore, investors have also been observed to choose to invest in a broader range of alternative coins. At the same time, Bitcoin short products saw an inflow of $500,000.
“The recent price weakness may be seen as a buying opportunity for the $441 million in inflows.”
Solana is especially noteworthy as it recorded an inflow of $16 million, bringing its total amount for the year to $57 million. Ethereum also witnessed an improvement in sentiment with an inflow of $10 million, although it remains the only ETP with a net outflow so far.
Meanwhile, Litecoin-based investment products saw an inflow of $900,000 in the past week, followed by XRP, Polkadot, and Cardano with inflows of $400,000, $200,000, and $100,000 respectively.
Despite the overall market sentiment rebounding, blockchain stocks saw an outflow of $8 million during the same period, dragging the year-to-date outflows to $556 million.
Buck Trend in Germany and Sweden
In terms of regions, the United States continued to lead with a weekly inflow of $384 million. CoinShares noted that during the market downturn in the first week of July, many countries also saw “opportunistic buying,” with the most notable being Hong Kong, Switzerland, and Canada, with inflows of $32 million, $24 million, and $12 million respectively.
On the other hand, Germany and Sweden became outsiders in this trend, experiencing outflows of $3.3 million and $2.3 million out of $23 million respectively.