July was the most successful month for crypto funds in 2022

by in Cryptocurrency News

Crypto market

A weekly report from asset manager CoinShares says that over the past seven days, the net inflow of funds into crypto funds amounted to $81 million.

According to the results of the last month, institutional investors directed $474 million to products focused on digital assets. Thus, the consequences of the June outflow of capital from the cryptosphere of $481 million were practically leveled, the researchers emphasized.

Bitcoin funds were able to raise $85 million, but about $2.6 million were taken out of short positions last week. The inflow to Solana funds amounted to $1.5 million, and institutional investors withdrew $700,000 from Cardano.

Ethereum products raised about $1.1 million in seven days.

Trending: Google's Parent Company Alphabet Is the Leader in Crypto Investments

According to CoinShares, the most active institutions were from North America.

American and Canadian financial companies have invested $15 million and $67 million respectively in the cryptosphere.

Brazilian and Swedish institutions, on the contrary, withdrew about $5 million from crypto funds.