{"id":227563,"date":"2024-06-03T12:14:01","date_gmt":"2024-06-03T12:14:01","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/03\/digital-asset-inflows-hit-2bn-in-may-ethereum-eth-sees-positive-sentiment-shift\/"},"modified":"2025-06-25T17:18:01","modified_gmt":"2025-06-25T17:18:01","slug":"digital-asset-inflows-hit-2bn-in-may-ethereum-eth-sees-positive-sentiment-shift","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/03\/digital-asset-inflows-hit-2bn-in-may-ethereum-eth-sees-positive-sentiment-shift\/","title":{"rendered":"Digital Asset Inflows Hit $2bn in May, Ethereum (ETH) Sees Positive Sentiment Shift"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<figure class=\"figure mt-2\">&#13;<br \/>\n                        <a href=\"https:\/\/image.blockchain.news:443\/features\/03879A95FA82EEC8FEAF689B45544AF568D573E0322E16E308D3E868C68D9C86.jpg\" data-glightbox=\"\" data-gallery=\"image-popup\">&#13;<br \/>\n                            <img decoding=\"async\" class=\"rounded\" src=\"https:\/\/image.blockchain.news:443\/features\/03879A95FA82EEC8FEAF689B45544AF568D573E0322E16E308D3E868C68D9C86.jpg\" alt=\"Digital Asset Inflows Hit $2bn in May, Ethereum (ETH) Sees Positive Sentiment Shift\"\/>&#13;<br \/>\n&#13;<br \/>\n                        <\/a>&#13;<br \/>\n                    <\/figure>\n<p>Digital asset investment products experienced significant inflows in May, reaching a total of $2 billion, according to CoinShares. This impressive figure contributed to a year-to-date inflow surpassing $15 billion for the first time on record.<\/p>\n<h2>Weekly Inflows and Regional Contributions<\/h2>\n<p>The momentum continued with digital asset investment products recording their fourth consecutive week of inflows, totaling $185 million. However, trading volumes for the week were down, falling to $8 billion from the previous week&#8217;s $13 billion.<\/p>\n<p>The United States led the inflows with a net $130 million, though incumbent ETF issuer outflows increased to $260 million. Switzerland marked its second-largest week of inflows for the year at $36 million, while Canada reversed its trend with $25 million in inflows despite a net outflow of $39 million in May.<\/p>\n<h2>Bitcoin and Ethereum Performance<\/h2>\n<p>Bitcoin (BTC) continued to attract investment, with inflows totaling $148 million. In contrast, short-bitcoin products saw outflows amounting to $3.5 million, indicating a positive sentiment among ETF investors.<\/p>\n<p>Ethereum (ETH) also saw a turnaround, recording its second week of inflows following the SEC approval of a spot-based ETF, which is expected to launch in July 2024. This marks a significant shift in investor sentiment for Ethereum, which had previously experienced a 10-week run of outflows totaling $200 million. The positive news for Ethereum has also benefited Solana (SOL), which saw a further $5.8 million in inflows last week.<\/p>\n<h2>Other Market Dynamics<\/h2>\n<p>Despite the success of direct investments in digital assets, blockchain equities have struggled, experiencing $7.2 million in outflows last week and $516 million this year.<\/p>\n<p>Overall, the data indicates a growing confidence in digital asset investment products, particularly in major cryptocurrencies like Bitcoin and Ethereum. The approval of new financial instruments such as spot-based ETFs is likely to further bolster this trend.<\/p>\n<p>For more detailed insights, the full report is available on the <a rel=\"nofollow noopener\" href=\"https:\/\/blog.coinshares.com\/volume-185-digital-asset-fund-flows-weekly-report-88c7662bd304\" target=\"_blank\">CoinShares blog<\/a>.<\/p>\n<p><span><i>Image source: Shutterstock<\/i><\/span>                    <!-- Divider --><\/p>\n<p>. . .<\/p>\n<h4>Tags<\/h4>\n<p>                    <!-- Divider --><\/p>\n<p>                    <!-- Author info START --><\/p>\n<p>                    <!-- Author info END --><br \/>\n                    <!-- Divider -->\n                <\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/blockchain.news\/news\/digital-asset-inflows-hit-2bn-in-may-ethereum-sees-positive-sentiment-shift\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; &#13; &#13; Digital asset investment products experienced significant inflows in May, reaching a total of $2 billion, according to CoinShares. This<\/p>\n","protected":false},"author":1,"featured_media":227564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[171],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/227563"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=227563"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/227563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/227564"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=227563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=227563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=227563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}