According to a report by CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares recorded net inflows totaling 2 billion dollars in the first week of June.

The US market accounted for $1.98 billion in net inflows last week amid a record streak of inflows into spot Bitcoin ETFs in the country, now spanning 19 trading days and more. 4 billion dollars.

BlackRock's IBIT Bitcoin Spot ETF brought in nearly $1 billion last week alone, has more than 300,000 BTC in assets under management (AUM), surpassing the AUM of Grayscale's converted GBTC fund last week and currently accounts for more than $21 billion in assets.

This US Bitcoin spot ETF generated a total of $1.8 billion in net inflows last week, with Bitcoin investment products adding another $1.97 billion globally. By comparison, the funds absorbed more than two months of new Bitcoin mining supply (now averaging 450 BTC per day post-halving) in just one week.

Butterfill says Ethereum-based investment products saw best week of net inflows since March, adding $69 million – possibly a reaction to the Securities and Exchange Commission's surprise decision US trading by allowing Ethereum ETFs for spot delivery in the US. #etherreum #EthereumETF