Between July 2 and 8, the flow of funds into cryptocurrency investment products totaled $15 million. According to CoinShares, the rate of entry into funds that allow you to short bitcoin slowed to $6.3 million from $51 million a week ago.

According to analysts, AUM Industry-wide crypto products grew from $35.41 billion to $36.23 billion annually.

Traditional bitcoin funds experienced $1.7 million in client fund outflows.

For the third consecutive week, an entry ($7.6 million) in Ethereum-based products was recorded. Analysts attributed this to Ethereum’s upcoming transition from Proof-of-Work to Proof-of-Stake.

Investor interest in multi-asset products continues. Investments in these have increased by $2.2 million during the week and $217.3 million since the start of the year, while a neutral situation was observed in funds based on individual altcoins.

Recall that 60% of investors polled by Bloomberg believe bitcoin price is more likely to drop to $10,000. For the remaining 40%, the base scenario is a recovery to $30,000.

Earlier, Ruchir Sharma, chairman of management company Rockefeller International, stated that for bitcoin to be sustainable again, it needs to get rid of excessive leverage.

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