A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10.\u00a0<\/p>\n
This week\u2019s inflows registered $136 million. Bitcoin (BTC<\/a>) funds continued their\u00a0trend of holding the anchor position<\/a>, with 98% of the inflows coming into BTC. The other 2% mostly came into Ether (ETH<\/a>), multi-asset holdings and a handful of altcoins.<\/p>\n After nine weeks in which digital asset outflows outpaced inflows, this third consecutive week of positive movement brings the current streak\u2019s total to $470 million. According to CoinShares, this total fully corrects for the previous outflow streak. <\/p>\n This brings the last 3 consecutive weeks inflows to US$470m, fully correcting the prior 9 weeks of outflows.<\/p>\n Trading turnover has slowed though, which might be explained by the seasonal effects, where lower volumes are typically seen during July and August.<\/p>\n 2\/6 pic.twitter.com\/4uyvrY0aRP<\/a><\/p>\n \u2014 CoinShares (@CoinSharesCo) July 10, 2023<\/a><\/p><\/blockquote>\n Bitcoin inflows showed no signs of slowing down this past week after posting yearlong highs in the previous two. As Cointelegraph previously reported, BTC inflows for last week were $123 million<\/a>. This week adds $10 million, bringing the two-week inflow haul for BTC alone to $256 million. <\/p>\n This continues Bitcoin\u2019s crypto market dominance by extending its total market cap from last week\u2019s 51.46% to a reported<\/a> 51.66% share as of July 11. <\/p>\n In other good news for hodlers, blockchain equities inflows reached a yearlong high of $15 million. This more than doubled last week\u2019s $6.8 million, which snapped a nine-week outflow streak of its own, according to CoinShares. <\/p>\n However, there may be some indication of equilibrium on the horizon, as overall liquidity appears to be down. According to the report, trading volume has hit a \u201cseasonal low,\u201d imitating cycles from previous years that saw low liquidity in July and August.<\/p>\n Related: <\/em><\/strong>Bitcoin supply shock will send BTC price to $120K \u2014 Standard Chartered<\/em><\/strong><\/a><\/p>\n Despite the continuing positive news surrounding inflows, some investors appear to be getting nervous over the lack of a clear trend<\/a>. <\/p>\n Positive sentiment generated by the expectation that one or more companies would finally receive authorization<\/a> from the United States government to offer BTC as a spot exchange-traded fund\u00a0may be tapering off as the process wears on. <\/p>\n There also remains an air of uncertainty, as the U.S. Securities and Exchange Commission\u2019s\u00a0ongoing litigation<\/a> against Binance and Coinbase continues with no clear sign as to how the courts will decide. <\/p>\n![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/1f354197-9b2d-47a7-9971-2215df585e48.jpg\" "\\"\\"")
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