In June, the digital asset investment sector experienced a strong start, as most providers reported inflows totaling $2 billion. CoinShares, on June 10, released its weekly fund flows report, revealing that crypto investment products had received over $2 billion in inflows. These initial inflows in June brought the total for digital asset products over the past five weeks to $4.3 billion.
CoinShares also noted a significant increase in trading volumes for exchange-traded products (ETPs), which reached $12.8 billion in the first week of June, marking a 55% rise from the previous week. Interestingly, almost all ETP providers reported inflows during this period.
The asset manager highlighted this trend as unusual and speculated that it could be a reaction to weaker macro data. CoinShares further noted that positive price movements had pushed the total assets under management (AUM) above $100 billion for the first time since March 2024.
Among the various digital asset investment product providers, only Grayscale Investments and CoinShares XBT experienced outflows during the week. In contrast, iShares ETF in the United States saw the highest inflows at $948 million, followed by Fidelity ETFs with $680 million.
Bitcoin (BTC) continued to dominate the ETF space, attracting $1.97 billion for the week. However, Ether (ETH)-based products also saw record-breaking inflows, with a total of $69 million, the highest since March.
CoinShares attributed this increase in Ether investments to the recent approval of spot Ether ETFs by the Securities and Exchange Commission in the United States on May 23.
On the other hand, altcoin-based ETPs saw less activity, with Fantom (FTM) and XRP (XRP) receiving inflows of $1.4 million and $1.2 million, respectively. In other news, Roaring Kitty’s GME shares hit $1 billion, BTC open interest surged, and more in Hodler’s Digest from June 2-8.