Crypto Inflows Reached $2 Billion in June

In June, digital asset investment products kicked off with positive momentum, with nearly all providers experiencing inflows, totaling $2 billion.

On June 10, the weekly fund flows report by CoinShares revealed that crypto investment products attracted more than $2 billion in inflows.

According to CoinShares, the influx for June contributed to a cumulative five-week total of $4.3 billion.

Moreover, the asset manager noted that trading volumes for exchange-traded products (ETPs) soared to $12.8 billion in the first week of June, marking a 55% rise from the week prior.

In addition to the general inflows, CoinShares pointed out that nearly every provider of crypto ETPs experienced inflows during the initial week of June.

The asset manager characterized this trend as unusual and indicated it might be a reaction to weaker macroeconomic indicators. CoinShares wrote:

“We believe this turnaround in sentiment is a direct response to weaker than expected macro data in the U.S., bringing forward monetary policy rate cut expectations.”

Further, the asset manager mentioned that favorable market trends helped elevate the total assets under management (AUM) above $100 billion for the first time since March 2024.

However, among the providers of digital asset investment products, only Grayscale Investments and CoinShares XBT reported outflows for that week.

Regarding inflows, the iShares exchange-traded fund (ETF) in the United States saw the highest, amassing $948 million, followed by Fidelity ETFs with $680 million.

Bitcoin remained the predominant asset in the ETF landscape, amassing $1.97 billion for the week, while Ether-based products also set new records.

CoinShares disclosed that Ether investment products registered a total inflow of $69 million for the week, their highest since March.

The asset manager attributed this uptick to the recent green light for spot Ether ETFs by regulators. On May 23, the Securities and Exchange Commission officially sanctioned several spot ETH ETFs in the United States.

Meanwhile, altcoin-based ETPs had modest activities, with Fantom and XRP recording inflows of $1.4 million and $1.2 million, respectively.

Sources:

https://cointelegraph.com/news/crypto-investment-products-june-2b-inflows

https://blog.coinshares.com/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207