CoinShares: Investors have become more purposeful in their crypto investments

CoinShares specialists, studying the market, noted a change in the trend of investments in multi-cryptocurrency products, which are experiencing capital outflows for the second week in a row.

CoinShares analysts posted a report saying that the growth of investments in cryptocurrencies continues for the fifth week in a row and reached $0.53 million or 1.6% of total assets under management (AuM). In particular, last week the influx of investments in digital assets amounted to $81 million.

According to analysts, the inflow of funds into the accounts in July amounted to $474 million, which is comparable to June’s $481 million. When comparing countries, the majority of investments traditionally came from the United States, followed by Canada: $67 million and $15 million ​for the week, respectively. Brazil and Sweden experienced minor outflows, the report said.

Last week, Bitcoin funds received $85M inflows, while BTC shorts totaled $2.6M. This is the first such week since the recent five-week bearish outflow. The report said that multi-asset investment products saw outflows for the second week in a row. Last week, it amounted to 3.7 million: investors are becoming more purposeful in their investments, CoinShares experts state.

Analysts report that Solana received a modest inflow of funds totaling $1.5 million, remaining the favorite for investors in 2022: $114 million since the beginning of January. Last week, Polkadot recorded a $0.4 million investment inflow. Experts say that despite the more optimistic mood for digital assets, trading activity remains very low: trading volumes for the week amounted to $1.3 billion, while the weekly average for the year is $2.4 billion.

Recently, research agency Civic Science, by polling 1,000 investors, concluded that holders of cryptocurrencies with an income of more than $150,000 kept their assets during the market fall.