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Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products

July 31, 2023


As of the half-year mark, cryptos have witnessed inflows just under US$0.5 billion, according to a recent report by CoinShares.

93% of the outflows were from long-Bitcoin investment products, while short-Bitcoin saw its 14th consecutive week of outflows, totaling US$3.1 million. This trend suggests that investors have been taking profits in recent weeks, though the sentiment for the asset overall remains supportive.

Altcoins, excluding Ethereum, experienced inflows amounting to US$3 million in the past week and US$19 million over the last eight weeks.

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