Digital asset investment products experienced their fourth consecutive week of inflows, totaling $185 million, pushing May’s inflows to $2 billion. The United States led 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. Bitcoin (BTC) dominated with $148 million in inflows, while short-bitcoin products saw outflows of $3.5 million, indicating sustained positive sentiment among ETF investors.
Ethereum (ETH) saw its second week of inflows following the SEC’s approval of a spot-based ETF, set to launch in July 2024, marking a turnaround after a 10-week outflow streak totaling $200 million. This positive momentum also benefited Solana (SOL), which attracted $5.8 million in inflows.
Conversely, blockchain equities struggled with $7.2 million in outflows last week and $516 million year-to-date. Despite mixed performance, the overall trend in digital asset investments remains robust. The sustained inflows highlight the growing strategic importance of digital assets in diversified investment portfolios.
