Digital Asset Investment Products See Fourth Consecutive Week of Inflows, Attracting $2 Billion in May

Bitcoin ETFs Crypto investing Digital Asset
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Ruholamin Haqshanas
Author Categories
About Author

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Digital asset investment products saw $185 million in inflows last week, marking the fourth consecutive week of positive investment trends.

In total, these products attracted $2 billion in inflows in May, propelling year-to-date inflows past the $15 billion mark, reaching an all-time high, according to a recent report from CoinShares.

Although the weekly volumes experienced a decline, dropping to $8 billion compared to the previous week’s $13 billion, the consistent inflows demonstrate the sustained interest in digital assets among investors.

US Dominates in Terms of Inflows

The United States dominated the inflows, attracting a net total of $130 million.

However, incumbent ETF issuers faced outflows amounting to $260 million.

Switzerland witnessed its second-largest weekly inflows this year, amounting to $36 million, while Canada experienced a turnaround with inflows of $25 million, despite a net outflow of $39 million in May.

Bitcoin remained a popular choice among investors, with inflows totaling $148 million.

Conversely, short-bitcoin products experienced outflows of $3.5 million, indicating that sentiment among ETF investors remains positive.

Ethereum saw a significant shift in investor sentiment, recording a second consecutive week of inflows.

This change followed the SEC’s approval of a spot-based ETF, scheduled for launch in July 2024.

Prior to this positive development, Ethereum had experienced ten consecutive weeks of outflows, amounting to $200 million.

The positive news surrounding Ethereum has also had a positive impact on Solana, which witnessed an additional inflow of $5.8 million last week.

In contrast to the success of direct investments in digital assets, blockchain equities faced challenges.

Last week, these equities witnessed outflows of $7.2 million, contributing to a total outflow of $516 million this year.

Bitcoin Spot ETFs See 14 Consecutive Days of Net Inflows

Bitcoin spot ETFs continue to attract significant investor interest as they record fourteen consecutive days of net inflows.

On May 31, the total net inflow for Bitcoin spot ETFs reached $48 million, according to data from SoSo Value.

Grayscale ETF GBTC experienced over $124 million in outflows on that day, which was offset by BlackRock’s $169 million inflows.

Last week, BlackRock’s iShares Bitcoin Trust took the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year.

Bitcoin ETFs have emerged as one of the most successful categories of ETFs, amassing a total of $58.5 billion in assets.

These funds have experienced remarkable growth, fueled by the quadrupling of Bitcoin’s value since the start of last year.

Despite the success of Bitcoin ETFs, Vanguard Group, the world’s second-largest asset manager, has firmly stated its lack of plans to offer any crypto-related products, emphasizing the cautious approach taken by some institutions in the face of digital asset market volatility.

More Articles

Price Analysis
Price Breakthrough Forecast: The Next XRP Rally Could Be Here Soon
Arslan Butt
Arslan Butt
2025-02-09 14:21:48
Altcoin News
Gold-Backed Altcoins Boom as Major Banks Raise Price Predictions: Which Coins to Get
Arslan Butt
Arslan Butt
2025-02-09 12:55:24
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors