CoinShares attributes the positive trend to “weaker than expected economic data in the U.S.”
June started strong for digital asset investment products, with almost all providers seeing positive inflows, totaling $2 billion.
On June 10, CoinShares published its weekly fund flows report, revealing that crypto investment products saw over $2 billion in inflows. According to CoinShares, these initial June inflows pushed the five-week total for digital asset products to $4.3 billion.
Additionally, the asset manager reported a significant increase in trading volumes for exchange-traded products (ETPs), which surged to $12.8 billion in the first week of June, marking a 55% increase from the previous week.
Broad Inflows Across ETP Providers
CoinShares noted that nearly all providers of crypto ETPs experienced inflows in the first week of June. This widespread trend is unusual and may be a reaction to weaker economic data in the U.S. CoinShares explained:
“We believe this shift in sentiment is a direct response to weaker than expected economic data in the U.S., leading to expectations of earlier monetary policy rate cuts.”
The asset manager also highlighted that positive price movements helped total assets under management (AUM) rise above $100 billion for the first time since March 2024.
Among digital asset investment product providers, only Grayscale Investments and CoinShares XBT reported outflows for the week.
Of those with inflows, iShares exchange-traded funds (ETFs) in the United States led the way with $948 million, followed by Fidelity ETFs with $680 million.
Summary Review: June has seen a strong start for digital asset investment products, with inflows totaling $2 billion and a significant rise in trading volumes. This positive trend, driven by weaker-than-expected U.S. economic data, has shifted investor sentiment and increased expectations for monetary policy rate cuts. Most crypto ETP providers reported inflows, contributing to a rise in total assets under management to over $100 billion. iShares and Fidelity ETFs were the top performers, demonstrating broad interest and confidence in digital asset investments.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
