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Crypto investment products see $2 billion of inflows in May amid 'turnaround' in Ethereum sentiment: CoinShares

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Crypto Funds News

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Ethereum-based products saw their second consecutive week of net inflows totaling $33.5 million following spot ETF approvals on May 23.

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.

Crypto investment products based in the U.S. continued to dominate last week’s flows, accounting for $130 million in net inflows. Switzerland and Canada-based funds saw $36.8 million and $24.6 million worth of net inflows, respectively. However, digital asset funds in Sweden and Brazil registered net outflows.

 

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