bitcoin

Global Crypto Investment Products See Continued Inflows, Bitcoin ETF Surpasses Grayscale

The Big Whale

— 1 min read
  • Global crypto investment products saw $185M in net inflows last week, with $2B in May.
  • US-based funds dominated inflows, while Sweden and Brazil saw outflows.
  • Bitcoin-based funds had $148M in net inflows, while short Bitcoin products had outflows.
  • US spot Bitcoin ETFs had $170.9M in net inflows, surpassing Grayscale's GBTC.
  • Ethereum-based products had $33.5M in net inflows, following SEC approval for ETFs.
  • US spot Ethereum ETFs expected to attract $3.1B to $4.8B in net inflows in the first five months.

Summary :
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, marking the fourth consecutive week of positive inflows, according to CoinShares' latest report. May inflows reached $2 billion, pushing year-to-date net inflows above $15 billion. However, trading volume fell from $13 billion to $8 billion over the past week. Bitcoin-based funds generated net inflows of $148 million, while short Bitcoin products saw outflows of $3.5 million. U.S.-based funds dominated the inflows, with Switzerland and Canada-based funds also seeing significant inflows. Ethereum-based products saw their second consecutive week of net inflows, adding $33.5 million. BlackRock's iShares Bitcoin Trust (IBIT) surpassed Grayscale's GBTC as the world's largest spot Bitcoin ETF, with $297.8 million in net inflows. Ethereum ETFs are expected to launch in July and could attract significant demand.

Sources :

- TheBlock
- CoinTelegraph
- CoinTelegraph
- Decrypt
- TheBlock
- Decrypt
- Coindesk
- TheBlock
- Coindesk
- Coindesk
- CoinTelegraph

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