Digital Asset Investments Surge with Record Inflows in July

According to PANews, CoinShares' latest report reveals that digital asset investment products experienced an inflow of $1.9 billion last week, bringing the total inflow for July to a record-breaking $11.2 billion. This figure significantly surpasses the $7.6 billion recorded after the U.S. presidential election in December 2024, marking the 15th consecutive week of positive market sentiment. Ethereum stood out with an impressive $1.59 billion inflow last week, marking its second-highest weekly inflow on record. Year-to-date, Ethereum has attracted a total of $7.79 billion, exceeding its total inflow for the entire previous year. In contrast, Bitcoin saw an outflow of $175 million, which may be linked to market anticipation surrounding ETFs rather than a broad altcoin season. Among other altcoins, Solana and XRP demonstrated strong performances, attracting $311 million and $189 million, respectively. SUI also recorded an inflow of $8 million. However, some altcoins experienced a slowdown in inflows, with Litecoin seeing an outflow of $1.2 million and Bitcoin Cash facing an outflow of $660,000.