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Investments in cryptocurrency have increased massively, with a weekly cumulative amount of $185 million for the last week of May. The recently published CoinShares “Digital Asset Fund Flows” report, as of June 3, revealed that monthly investment fund inflows were impressive, hitting $2 billion and consequently pushing the capital inflow year to date to over $15 billion. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdcglPwYxkSY6KLCxN1wUP6BtwisPqrM8QulHuuitQihcZ3xC2E2s4c1rn_9DB-BuwKA5wqTLFMkoAU4K0Qt6k9ZcXuDLAbNgUGprgBUI6zIRKZFR5UHIqqVr0w34Zxk-OH6OTcbJAv9NXtgFi9pGOSn5o?key=gJ8TmxYm0bhx8uicsMGUEQ" alt="AD 4nXdcglPwYxkSY6KLCxN1wUP6BtwisPqrM8QulHuuitQihcZ3xC2E2s4c1rn 9DB BuwKA5wqTLFMkoAU4K0Qt6k9ZcXuDLAbNgUGprgBUI6zIRKZFR5UHIqqVr0w34Zxk" style="width: 100%;height:auto">
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 Chart showing a weekly inflow of crypto assets funds in the U.S| Image Source: <a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-03-06-24" target="_blank" data-type="link" data-id="https://etp.coinshares.com/knowledge/market-activity/fund-flows-03-06-24" rel="noreferrer noopener nofollow">CoinShares</a>
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From that perspective, the United States is taking the lead, accounting for $130 million of the weekly inflows. The report also indicates incumbent issuer outflows of $260 million. Moreover, Bitcoin emerged as the largest recipient of investments, claiming $148 million in investment flows. Meanwhile, short Bitcoin funds saw outflows of $3.5 million per week. 
Ether (ETH) also experienced a strong comeback, with its weekly inflows reaching around $33.5 million and month-to-date inflow rising slightly above $21.6 million respectively. This reversal in investor sentiment can be as a result of Ether exchange-traded funds (ETFs) being approved finally by the United States recently. 
Apart from Ethereum, Solana’s SOL showed steady growth as well, with its weekly inflow valued at approximately $5.8 million and its monthly increase standing at $24.8 million. 
Despite the overall positive trends, multi-asset funds struggled in May, recording weekly outflows of $2.7 million and monthly outflows of $12.2 million. 
The <a href="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/" target="_blank" rel="noreferrer noopener">approval of Ether ETFs</a> on May 23, 2024, has significantly impacted the market. Since then, more than $3 billion worth of ETH has moved out of centralized exchanges, raising potential supply-shock concerns as exchange balances hit multi-year lows.

Crypto Investment Saw $2B in May with Bitcoin Dominating

The Crypto Times

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