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" rel="noopener noreferrer nofollow">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.<figure class="wp-block-image is-resized"><img src="https://miro.medium.com/v2/resize:fit:700/1*0Id9RbQKW3rr4n8_gvu5FA.png" alt="CoinShares: digital asset inflows reach $185m last week, $2b in May - 18"></figure>You might also like: <a href="https://crypto.news/michael-saylor-microstrategy-tax-evasion-settlement/" rel="noopener noreferrer nofollow"> Michael Saylor, MicroStrategy to pay $40m in tax evasion settlement </a>Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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.<figure class="wp-block-image is-resized"><img src="https://miro.medium.com/v2/resize:fit:700/1*kiJokMyTeEpTW_DonWE32A.png" alt="CoinShares: digital asset inflows reach $185m last week, $2b in May - 19"></figure>Read more: <a href="https://crypto.news/gamestop-inspired-meme-coin-surges-300-as-roaring-kitty-resurfaces-on-x/" rel="noopener noreferrer nofollow"> GameStop-inspired meme coin surges 300% as Roaring Kitty resurfaces on X </a>

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

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