July Was The Best Month Of The Year For Crypto FundsAdmin
- 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.
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.