Over the past week, institutions have significantly reduced the influx of capital into crypto funds, but it has remained positive. This is evidenced by data from the#CoinSharesreport for May 25-31.
The inflow for the reporting period amounted to +$185 million. A week earlier, the inflow amounted to +$1.050 billion, and even earlier: +$932 million. Volumes over the past week also declined, falling to $8 billion compared to $13 billion the week before.
At the same time, in just May the inflow amounted to $2 billion, since the beginning of the year - $15 billion.
Almost all inflows traditionally go into spot Bitcoin ETFs. And the reason for the small influx last week, in fact, is only one - the issuer#Grayscaleagain began to sell a lot, and the issuer#BlackRockbought little.
Details on inflows/outflows for assets as a whole:
- #BTC-focused crypto products raised +$148 million.
- Crypto products focused on#BTCshorts again have outflows, -$3.5 million. A week earlier there was an outflow of -$4.3 million. I would still like to see a figure for outflows of more than $10 million; this would be assessed as a capitulation of institutional short-sellers.
- Crypto products focused on#ETHcontinued to see inflows amid the approval of spot Ethereum ETFs in the US, +$33.5 million. A week earlier it was +$36 million. In the weeks before this, we recall, there were outflows of -$23.3 million and -$14.4 million.
- Crypto products focused on#SOLcontinue to show an influx of capital, this time $5.8 million. Weeks earlier it was +$8 million and +$4.9 million. Shorts are still under threat. And we, as before, are waiting for the asset to test the psychological level of $200 and go even higher.
- For other altcoins, the movements are quite insignificant. Inflows on#LINK(+1 million $) appeared again, positive results were shown by#XRP(+0.8 million $),#LTC(+0.6 million $),#ADA(+0.3 million $)
Geographically the leader in US tributaries, by a small margin. Next comes Switzerland and Canada. Hong Kong finally has an influx in a week, albeit minimal, of $1.7 million. The leaders in outflows are Sweden and Brazil. Outflows are not large.
