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Digital asset investment products started positively in June, with almost all providers seeing inflows and recording an overall inflow of $2 billion.
On June 10, CoinShares <a href="https://blog.coinshares.com/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207" target="_blank" rel="noopener nofollow">published</a> its weekly fund flows report, highlighting that crypto investment products gathered over $2 billion in inflows. According to CoinShares, June’s initial inflows brought digital asset products’ five-week total to $4.3 billion. 
In addition, the asset manager reported that trading volumes for <a href="https://cointelegraph.com/learn/different-types-of-etfs">exchange-traded products (ETPs)</a> catapulted to $12.8 billion for the first week of June, a 55% increase compared to the previous week. 
<h2 id="almost-all-etp-providers-saw-inflows">Almost all ETP providers saw inflows</h2>
Apart from the overall inflows, CoinShares also highlighted that almost all providers of crypto ETPs saw inflows in the first week of June. The asset manager described the pattern as unusual and shared that it may be a response to weaker macro data. CoinShares wrote: 
<blockquote data-ct-non-breakable="true">
 “We believe this turnaround in sentiment is a direct response to weaker than expected macro data in the U.S., bringing forward monetary policy rate cut expectations.”
</blockquote>
The asset manager added that positive price action pushed the total assets under management (AUM) to rise above $100 billion for the first time since March 2024. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/758766b2-3915-44a6-95f8-a0f0ba6a7dc5.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Flows by provider in millions. Source: CoinShares
 </figcaption>
</figure>
Among the digital asset investment product providers, only Grayscale Investments and CoinShares XBT recorded outflows for the week. 
Of those that recorded inflows, the iShares <a href="https://cointelegraph.com/learn/different-types-of-etfs">exchange-traded fund (ETF)</a> in the United States recorded the most inflows, with $948 million, while Fidelity ETFs followed in second place, recording $680 million. 
Related: <a href="https://cointelegraph.com/news/bitcoin-exchange-traded-products-hold-over-1-million-btc">Bitcoin exchange-traded products now hold over 1 million BTC</a>
<h2 id="ethereum-products-see-best-week-of-inflows">Ethereum products see “best week” of inflows</h2>
While Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) continued to dominate the ETF space with $1.97 billion for the week, Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>)-based products also broke records. CoinShares reported that Ether investment products saw a total inflow of $69 million for the week, their best record since March. 
The asset manager believes this is likely a response to the recent approval of spot Ether ETFs. On May 23, the Securities and Exchange Commission <a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved">officially approved several spot ETH ETFs</a> in the United States.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/f29c2bdc-e542-45b1-99e9-2d3ed446a27e.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Flows by asset in millions. Source: CoinShares
 </figcaption>
</figure>
Meanwhile, altcoin-based ETPs saw minor activities, with Fantom (<a href="https://cointelegraph.com/fantom-ftm-price-index">FTM</a>) and XRP (<a href="https://cointelegraph.com/xrp-price-index">XRP</a>) showing inflows of $1.4 million and $1.2 million, respectively. 
Magazine: <a href="https://cointelegraph.com/magazine/roaring-kittys-shares-1b-gme-rally-btc-open-interest-soars-hodlers-digest-june-2-8/">Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2–8</a>

Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M

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