Crypto funds posted strong gains this week but not all assets grew in the same manner.
The following is a summary of the information that you will find on this page.
- Bitcoin and other crypto-funds had another good week. New billions poured in.
- Ethereum grabbed the limelight, with huge inflows among rising dominance.
- Inflows to date in July are already breaking records
CoinShares latest weekly reportDigital asset investment products have seen net inflows of $1.9 billion, their 15th consecutive week of growth.
EthereumETHThe asset grew by $1,59 billion in the past week to become its second largest weekly inflow. Its total for the year is now $7.79 Billion, surpassing its figure from 2024.
BitcoinBTCIn contrast, ) missed out on gains. It was the first time since several weeks that $175m of outflows were recorded by the world’s biggest crypto asset. BTC’s position behind ETH has also fallen for the second time in a week. This reverses the trend of BTC being at the top.
Solana (SOLNext, XRP (XRPSUI () is a company that has raised $189 Million. The SUI is a governmental agency.SUI( ) posted gains of $8 million. The momentum was slowed outside these tokens. Litecoin is a cryptocurrency.LTCThe Bitcoin Cash (BCHFor example, there were slight withdrawals. This indicates a selective rotation of money into selected assets.
The total inflows have reached $11.2 billion for the month of July, which is the highest figure to date. In terms of regionally based inflows the U.S. was responsible for $2 billion while Germany contributed $70 million. Canada, Brazil and Hong Kong saw net outflows.
Bitcoin’s decline comes at a time when its dominance on the market is waning, while Ethereum’s surge fuels speculation about an altcoin breakthrough.
ETH is the leader in altcoins
In recent weeks, Ethereum’s market share has risen as Bitcoin loses its grip. ETH dominance now stands at 12%, the highest it has been in five years.
ETH is trading just under $3.890. It briefly touched $3.900 today. The price has risen by approximately 1.9% within the last 24-hours.
U.S.-listed ETH Tracking ETFs can also be found outperforming Bitcoin is the most popular cryptocurrency, with billions of dollars being spent in just three weeks. Now, the shift in investor sentiment and capital rotation is leading to increased calls for an altcoin boom.
Bitcoin is up 0.41% on the day, trading at $118,664 as it continues to hover below its all-time high.
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Source: crypto.news
