July Was The Best Month Of The Year For Crypto Funds

July Was The Best Month Of The Year For Crypto Funds

July Was The Best Month Of The Year For Crypto Funds

  • Mid-summer has become a good period for crypto funds
  • They attracted the largest revenues this year
  • Investors prefer to invest in BTC, ETH and SOL

In July, global digital asset funds recorded the largest inflow in all of 2022, according to a report from CoinShares. They attracted funds from investors for a total of $474 million. This almost leveled the effects of the June outflow of $481 million.

Where do investors invest

Traditionally, investors prefer Bitcoin – the weekly inflow here amounted to $85 million. For Ethereum, this figure is $1.1 million, for Solana – $1.5 million.

Source: coinshares

By the way, Solana has become the most popular choice among altoin investors: the total inflow here was $114 million for the year. Let’s see how the latest Solana wallet hack news affects this .

In which countries are investments popular?

Representatives of Canada and the United States invested the most – they invested $67 million and $14.5 million, respectively. But Brazil and Sweden slowed down in this regard – the inhabitants of these countries withdrew more than $6 million from crypto funds.

Overall, overall trading activity has not yet recovered to pre-crypto winter levels. Last week’s trading volume was $1.3 billion, nearly half the average of $2.4 billion.

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