According to experts from analytics company CoinShares, the outflow of funds from crypto-based investment products between July 15 and 21 amounted to $6.5 million, compared to the inflow of $137.4 million recorded in the previous week.
Over the previous four weeks, inflows reached $742 million, the largest increase since Q4 2021.
Trading activity halved to $1.2 billion.
Investor focus on BTC has not changed significantly. $13 million was withdrawn from Bitcoin-based investment products, compared to an inflow of $139.8 million the previous week.
From structures that allow opening short positions in Bitcoin, clients took $5.5 million, against $3.2 million in the previous reporting period. The negative dynamics continued for the 13th consecutive week.
The ratio of assets under management of similar products to "long" alternatives to BTC has fallen to the lowest level since June 2022, by 0.4%.
Meanwhile, Ethereum funds have seen an inflow of $6.6 million, compared to an outflow of $1.6 million in the previous reporting period. According to analysts, investors' attitude towards the asset has started to "gradually change."