Summary
- Digital-asset investment products recorded net inflows of $224 million last week, with about 70%% of the total coming from Switzerland.
- By asset, XRP drew about $120 million, accounting for more than half of the total.
- The inflows came mainly through overseas exchange-traded products (ETPs), including in Europe, while inflows into US spot ETFs remained minimal.
Forecast Trend Report by Period
Digital-asset investment products recorded net inflows of $224 million last week, with roughly 70% of the total coming from Switzerland. The inflows were concentrated in a handful of regions and assets.
CoinDesk reported on July 7 that Switzerland accounted for $157 million of the total. Germany and the US posted inflows of $28 million each, while Canada drew $11 million.
By asset, XRP attracted the biggest share of money. XRP investment products took in about $120 million last week, more than half of the total.
The inflows were driven mainly by exchange-traded products, or ETPs, listed outside the US, including in Europe. By contrast, the five US-listed spot XRP exchange-traded funds saw almost no daily inflows over the past two weeks.
Over the same period, Bitcoin ETPs brought in $107 million, but US spot Bitcoin ETFs attracted only $22 million. The market's main inflows are seen coming from Europe rather than the US.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
