USDC Leads Crypto Spot Fund Inflows with $62.92 Million Amid Major BTC and ETH Outflows

According to recent data from Coinglass dated July 5, the crypto market witnessed significant movements in spot fund flows. USDC experienced a substantial net inflow of $62.92 million, highlighting increased investor confidence in stablecoins. Other notable inflows included FORM with $8.37 million, WBTC at $1.21 million, UNI registering $1.19 million, and XUSD attracting $1.09 million. Conversely, major cryptocurrencies faced considerable net outflows, with BTC leading at $312 million, followed by ETH at $150 million and USDT at $120 million. Additionally, SOL and XRP recorded net outflows of $27.15 million and $17.68 million, respectively. These fund flow dynamics underscore shifting investor preferences within the crypto spot market, reflecting a cautious stance towards leading tokens while favoring certain stablecoins and altcoins.