Since the beginning of July, investments in cryptocurrency products have exceeded $3 billion

From July 13 to 19, inflows into cryptocurrency investment products amounted to $1.35 billion, slightly lower than the previous week's $1.44 billion. According to CoinShares, the total volume since the beginning of July has reached $3.24 billion.

ETP trading volume increased by 45%, reaching $12.9 billion.

Investors added $1.27 billion to Bitcoin-related products, compared to $1.35 billion the previous week.

$1.9 million was withdrawn from products designed for short positions on Bitcoin, compared to $8.6 million previously.

In Ethereum funds, ahead of the ETF launch, positive dynamics weakened from $72 million to $45.3 million. Nevertheless, by the volume of inflows since the beginning of the year, they surpassed Solana-based funds ($103 million versus $71 million).

Inflows into Solana and Litecoin-based products amounted to $9.6 million and $2.2 million respectively. In products based on other altcoins, the figure did not exceed $1 million.

Nate Geraci, president of The ETF Store, predicted the emergence of ETFs based on a basket of BTC, ETH, and SOL.

Earlier, market maker GSR positively assessed Solana's growth potential in the event of ETF launches. According to analysts, the cryptocurrency could increase in value by 1.4-8.9 times.