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Digital asset investment products recorded $441M of net inflows last week, bucking a three-week strong of net outflows, CoinShares said in a Monday report.
Bitcoin (BTC-USD), which slid 6.1% for the week ended July 5, accounted for $398M, or 90%, of the total inflows.
Investors decided to take stake across a broader set of tokens beyond bitcoin (BTC-USD), with products tied to solana (SOL-USD) registering $16M of inflows.
CoinShares attributed the capital infusion to “recent price weakness prompted by Mt Gox and the German Government selling pressure likely being seen as a buying opportunity.”
Still, the apparent buy-the-dip sentiment was not reflected in blockchain equities, which experienced a further $8M in outflows this past week.