Digital asset crypto funds saw US$136mln (£106mln) worth of inflows in the week ending July 7, marking the third net positive week in a row, according to CoinShares data.
Inflows across funds managed by CoinShares, 21 Shares, ProShares and other major crypto funds have increased to US$450mln over the past three weeks, thus fully correcting the previous nine weeks' worth of outflows.
Year-to-date inflows are in net positive territory at US$231mln.
However, CoinShares data shows that turnover substantially weakened last week due cooling crypto prices, totalling US$1bn compared to an average of US$2.5mln in the two weeks prior.
Three-week inflows follow nine-week sell off – Source: CoinShares
Bitcoin and other crypto prices rallied in mid-June after BlackRock (NYSE:BLK) formally filed for a bitcoin spot exchange-traded fund with the US regulators.
Spot prices have since died down following numerous setbacks to BlackRock’s plans.
Bitcoin remains far and away the primary crypto asset class among investors, with bitcoin-linked product inflows making up 98% of all inflows.
Ethe (ETH)-linked products came in a distant second with US$2.9mln of inflows, while Litecoin (LTC), Polygon (MATIC), Solana (SOL) and Ripple (XRP) also saw low levels of inflows.
Blockchain equity finds tracking listed bitcoin miners and other crypto-adjacent companies saw a year-to-date record inflow of US$15mln.