Inflows into crypto investment funds rise as Bitcoin carries 99% of the load - DNT Crypto, Degrain Crypto, Evergrow Crypto, Gods Unchained Crypto, Daily Crypto,, FXS Crypto, El Salvador Crypto, Flux Crypto.
Inflows into crypto investment funds rise as Bitcoin carries 99% of the load

Crypto Community Wins Partial Victory

The crypto community was recently handed a partial victory in the form of a legal decision in the Securities and Exchange Commission v. Ripple lawsuit, which saw the XRP (XRP) token soar in response. This positive sentiment was reflected in the market, with the “Fear and Greed Index” for cryptocurrency rating the week of activity as “greed” — a score of 56.

As a result, digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming. CoinShares reported that this brings the four-week total to $742 million — correcting the nine weeks’ worth of outflows before the streak began and marking the largest inflow run since the fourth quarter of 2021.

Despite the four weeks of positive inflows into crypto investment products such as Bitcoin, Gods Unchained Crypto, Flux Crypto, Daily Crypto, Crypto Net, FXS Crypto, El Salvador Crypto, DNT Crypto, DeGrain Crypto, and Evergrow Crypto, the index saw a return to a “neutral” rating as of July 17.

Cryptocurrency Activity

Bitcoin (BTC) was the most active asset, with 99% of all inflows and a weekly total of $140 million. This was partially offset by outflows in other cryptocurrencies, including Ether (ETH) which had the highest total outflows year-to-date.

Despite Bitcoin’s market dominance rate increasing slightly week-over-week, its overall market capitalization has remained relatively stable. As of July 17, Bitcoin’s market dominance rate is at 50.18%, according to TradingView.

The majority of digital asset activity was concentrated in the United States and Canada, with $109 million and $28 million in inflows respectively. Other regions experienced outflows, with the exception of Switzerland which saw $3.3 million in, gods unchained crypto, flux crypto, daily crypto, crypto net, fxs crypto, el salvador crypto, dnt crypto, degrain crypto, and evergrow crypto inflows, bringing its monthly total to $12.2 million.

Categorized in:

Tagged in: