- CoinShares Published Weekly Report
- Two-week net inflows of $334 million
- Most of the money went to bitcoin funds
- But short positions in BTC declined
- The organization attributed the positive trend to a reversal of the market trend
On July 3 CoinShares published its weekly report on the inflow of funds into the cryptocurrency funds. In the last seven days, it was $125 million.. This is the second week in a row that the segment has had a positive trend.
From June 19 to July 2, net inflows totaled $334 million.. This is a good indicator that reflects the increased demand for cryptocurrency derivative products.
The current dynamics are as follows:
Worthy, bitcoin funds account for 98 percent of all funds received. At the same time, there is an outflow of $0.9 million for short positions in this segment. Ethereum, on the other hand, is up $2.7 million:
As for total assets under management (AuM), the figure rose to $37 billion. This is the highest value since the beginning of June 2022. Also, this figure corresponds to the average for the whole of last year.
The CoinShares attributed the positive dynamics to rising prices.. Bitcoin shows signs of bull-run. This, in turn, is dictated by the activation of large investment companies that have applied for registration of spot bitcoin-ETFs.Speaking of which, both Cboe and Nasdaq have re-filed appeals to the SEC. Prior to that, the regulator wrapped all applications, explaining its decision by their lack of transparency.