Bitcoin weakness spurs $441M digital asset inflows
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 08 2024- Market Inflows: CoinShares report shows $441 million inflows in digital asset investment products last week, with $398 million going into Bitcoin.
- Mt. Gox Activity: Mt. Gox moved over 47,000 BTC to an unknown wallet and began repayments to creditors in Bitcoin and Bitcoin Cash.
- German Government Transactions: Germany transferred 3,000 BTC to crypto exchanges and an unknown wallet, totaling around $172 million.
- Altcoin Flows: Investors eyeing a "broader set of altcoins," with Solana receiving $16 million inflow and Ethereum seeing $10 million.
- Pro-Crypto Donations: Sentinel Action Fund doubled donations to pro-crypto PAC supporting U.S. Senate candidates, including Solana as a beneficiary.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
