CoinShares: digital asset inflows reach $185m last week, $2b in May

Digital
asset
investment
products
experienced
their
fourth
consecutive
week
of
inflows,
totaling
$185
million
and
pushing
May’s
inflows
to
$2
billion.

According
to

CoinShares,
the
surge
has
driven
year-to-date
inflows
past
the
$15
billion
mark,
a
record
achievement.
Despite
this
positive
trend,
weekly
volumes
declined
to
$8
billion
from
$13
billion
the
previous
week.

The
United
States
led
the
inflows
with
$130
million,
even
as
incumbent
ETF
issuers
faced
outflows
of
$260
million.
Switzerland
recorded
its
second-largest
weekly
inflow
of
the
year
at
$36
million,
while
Canada
reversed
its
trend
with
$25
million
in
inflows
after
a
net
outflow
of
$39
million
in
May.

Bitcoin
(BTC)
continued
to
dominate
with
$148
million
in
inflows,
while
short-bitcoin
products
saw
outflows
of
$3.5
million,
indicating
sustained
positive
sentiment
among
ETF
investors.
Ethereum
(ETH)
also
saw
its
second
week
of
inflows
following
the
SEC’s
approval
of
a
spot-based
ETF,
set
to
launch
in
July
2024.
It
marks
an
influential
turnaround
after
a
10-week
outflow
streak
totaling
$200
million.
Ethereum’s
positive
momentum
also
benefited
Solana
(SOL),
which
attracted
$5.8
million
in
inflows
last
week.

Conversely,
blockchain
equities
struggled,
experiencing
$7.2
million
in
outflows
last
week
and
$516
million
year-to-date.
Despite
the
mixed
performance,
the
overall
trend
in
digital
asset
investments
remains
robust.