Bitcoin ETPs continue inflows for third consecutive week

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Quick Take

The weekly digital asset fund flows report by Coinshares for July 10 shows:

• Digital asset inflows hit $136 million, marking the third consecutive week of net inflows.
• Trading turnover slowed, with a weekly total of $1 billion, down from the $2.5 billion preceding two-week average.
• Bitcoin inflows reached $133 million, while short-Bitcoin saw $1.8 million outflows.
• Ethereum inflows were $2.9 million, a mere 0.2% of total Assets Under Management (AuM).
• Altcoins Solana, XRP, Polygon, Litecoin, and Aave saw inflows, while Cosmos and Cardano had minor outflows.
• CoinShares weekly report is released each Monday.