CoinShares 'Virtual Asset Investment Products, Weekly Net Inflow of 2.6 Trillion Won'

According to the report released by CoinShares, a global digital asset investment firm, $1.9 billion (approximately 2.6332 trillion won) was net invested in virtual asset investment products last week.

As a result, the cumulative fund inflow for July reached $11.2 billion (approximately 15.5221 trillion won), significantly surpassing the $7.6 billion recorded after the December 2024 US presidential election and setting a new all-time high. The market has maintained positive investment sentiment for 15 consecutive weeks.

Notably, Ethereum recorded a fund inflow of $1.59 billion (approximately 2.2036 trillion won) last week, achieving the second-highest weekly inflow in its history. The total fund inflow for Ethereum this year has reached $7.79 billion (approximately 10.7946 trillion won), already surpassing last year's total inflow.

In contrast, Bitcoin experienced an outflow of $175 million (approximately 242.4 billion won). CoinShares analyzed this as a phenomenon due to market expectations for ETFs, rather than the beginning of an altcoin season.

For other altcoins, Solana and XRP showed strength with inflows of $311 million and $189 million respectively, while SUI recorded an inflow of $8 million. Meanwhile, Litecoin and Bitcoin Cash saw outflows of $1.2 million and $660,000 respectively.

A CoinShares representative stated, "Fund inflows in the altcoin market, centered around Ethereum, are becoming prominent," adding, "However, the fund outflows from some altcoins demonstrate investors' selective approach."

Choi Joo-hoon joohoon@blockstreet.co.kr