Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net inflows totaling $441 million in the first week of July, marking a turnaround following three weeks of net outflows, according to CoinShares' latest report.

Recent price weakness prompted by Mt Gox bitcoin movements and German government selling pressure is “likely being seen as a buying opportunity,” CoinShares head of research James Butterfill wrote.

Global Bitcoin investment products accounted for some 90% of the net inflows, attracting $384 million. However, this is lower than its usual 99% dominance, with investors allocating across a much broader set of altcoin-based funds over …