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Digital asset investment products saw inflows for the 4th consecutive week totalling US$185m, with May seeing US$2bn inflows, pushing year-to-date inflows past the US$15bn mark.
Bitcoin saw inflows totalling US$148m, while short-bitcoin saw another week of outflows totalling US$3.5m.
Ethereum saw a second week of inflows following the SEC approval of a spot-based ETF with and expected July 2024 launch date.
Digital asset investment products saw inflows for the 4th consecutive week totalling US$185m, with May seeing US$2bn inflows, pushing year-to-date inflows past the US$15bn mark for the first time on record. Volumes were down for the week though, falling to US$8bn, relative to US$13bn the week prior.
The majority of inflows were from the US, seeing a net US$130m, although incumbent ETF issuer outflows rose to US$260m. Switzerland saw its second largest week on inflows this year at US$36m, while Canada saw a turnaround with inflows of US$25m despite seeing a net outflow in May totalling US$39m.
Bitcoin saw inflows totalling US$148m, while short-bitcoin saw another week of outflows totalling US$3.5m, suggesting sentiment amongst ETF investors remains positive.
Ethereum saw a second week of inflows following the SEC approval of a spot-based ETF with an expected July 2024 launch date. This represents a turnaround in investor sentiment in an asset that had seen a 10-week run of outflows prior, totalling US$200m. This positive news for Ethereum has also had an impact on Solana, which saw a further US$5.8m inflow last week.
Despite recent direct investments success on digital assets, blockchain equities have suffered, seeing US$7.2m outflows last week and US$516m this year.
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