According to PANews, the latest weekly report data from CoinShares shows that digital asset investment products have seen inflows for four consecutive weeks, totaling $185 million. The inflow in May reached $2 billion, bringing the total inflow since the beginning of the year to over $15 billion. Bitcoin inflows totaled $148 million, while short Bitcoin products saw an outflow of $3.5 million for the week.
Ethereum saw inflows for the second consecutive week after the U.S. Securities and Exchange Commission (SEC) approved a spot-based ETF, which is expected to launch in July 2024. Ethereum had previously seen outflows for ten consecutive weeks, totaling $200 million. Despite the excellent performance of direct digital asset investments, blockchain stocks saw an outflow of $7.2 million last week, bringing the total outflow for the year to $516 million.