Institutional investors poured a record-breaking $11.2 billion into crypto products in July, according to CoinShares. This surpasses the previous high of $7.6 billion set in December 2024.
A Month of Massive Inflows
The surge continued a positive trend, marking the 15th consecutive week of inflows. Last week alone saw $1.9 billion flow into digital asset investment products.
US Leads the Way, While Some Regions See Outflows
The United States led the charge with $2 billion in inflows. Germany also saw significant inflows at $70 million. However, some regions experienced outflows, including Hong Kong ($160 million), Canada ($84.3 million), and Brazil ($23.2 million).
Ethereum’s Stellar Performance
Ethereum (ETH) was a standout performer, attracting $1.59 billion in inflows last week—its second-best week ever. Year-to-date inflows for ETH have already exceeded the total for all of 2024.
Bitcoin Takes a Backseat, Hints of “Altseason”?
Surprisingly, Bitcoin (BTC) saw outflows of $175 million. CoinShares suggests this might signal the start of “altseason,” a period where altcoins (cryptocurrencies other than Bitcoin) outperform Bitcoin. While not definitive, Solana and XRP saw substantial inflows, along with SUI. However, many other altcoins experienced outflows.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your research before investing in cryptocurrencies.
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