Crypto investment products see $2 billion of inflows in May amid ‘turnaround’ in Ethereum sentiment: CoinShares | Headlines | News | CoinMarketCap

06/03/2024 21:39
Crypto investment products see $2 billion of inflows in May amid ‘turnaround’ in Ethereum sentiment: CoinShares | Headlines | News | CoinMarketCap

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered …

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net inflows totaling $185 million last week, a fourth-consecutive week of positive inflows, according to CoinShares' latest report.

The streak saw May inflows reach $2 billion, pushing year-to-date net inflows above the $15 billion level. However, volume fell over the past week, generating $8 billion in trading compared to $13 billion the week prior, CoinShares Head of Research James Butterfill wrote.

US and Bitcoin dominate as Ethereum sees a ‘turnaround in sentiment’

Crypto investment products based in the U.S. continued to dominate last week’s flows, accounting for $130 million in net …

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