Crypto Funds Inflows Surpass $15 bn & Set New Record
Crypto funds registered $185 million in inflows last week, averaging $2 billion in May and $15 billion in 2024. However, trading volumes dropped to $8 billion, compared to $13 billion the previous week. Bitcoin continued to attract investor confidence with inflows of $148 million, while short Bitcoin products faced outflows of $3.5 million.
Ethereum experienced a second week of inflows, reversing a 10-week streak of outflows of $200 million. This positive shift positively influenced Solana, which registered an additional $5.8 million in inflows.
The US dominated the inflow landscape, contributing $130 million, while established ETF issuers experienced a spike in outflows reaching $260 million. Switzerland celebrated its second-largest week of inflows for the year at $36 million, while Canada reversed its trend with inflows of $25 million.
Blockchain equities faced challenges, with outflows of $7.2 million last week, contributing to a total of $516 million in outflows this year.
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