Roaring Kitty

Kitty

Digital asset investment products experienced their fourth consecutive week of inflows, totaling $185 million and pushing May’s inflows to $2 billion. 
According to <a href="https://blog.coinshares.com/volume-185-digital-asset-fund-flows-weekly-report-88c7662bd304" data-type="link" data-id="https://blog.coinshares.com/volume-185-digital-asset-fund-flows-weekly-report-88c7662bd304" target="_blank" rel="">CoinShares</a>, 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. 
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Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="">BTC</a>) 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 (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="">ETH</a>) 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 (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="">SOL</a>), 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. 
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CoinShares: digital asset inflows reach $185m last week, $2b in May

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