Crypto asset investment products recorded positive fund flows for the 4th consecutive week.
According to the CoinShares report, crypto asset investment products recorded $185 million inflow last week. Thus, the assets collected $2 billion in funds in May. Since the beginning of the year, inflows have reached 15 billion dollars. Transaction volumes remained slightly lower at 8 billion dollars compared to 13 billion dollars seen in the previous week.
While there was a total fund inflow of 130 billion dollars in the US market, Switzerland and Canada followed with inflows of 36.8 million dollars and 24.6 million dollars, respectively. Looking at asset management companies, it was seen that Grayscale, which lost its Bitcoin ETF leadership to BlackRock last week, sold $260 million during the week. In comparison, BlackRock and Fidelity's crypto ETFs raised a total of $475 million. Another significant outflow last week was seen in the ARK 21 Shares ETF, which saw $92 million in sales.