June Crypto Inflows Reach $2B, Ethereum Hits $69M in Best Week Since March
June began on a high note for digital asset investment products, with nearly all providers experiencing inflows, amounting to a total of $2 billion. On June 10, CoinShares released its weekly fund flows report, which revealed that crypto investment products amassed over $2 billion in inflows. This significant influx in the first part of June contributed to a five-week total of $4.3 billion for digital asset products, as per CoinShares’ analysis.
CoinShares reported a substantial hike in trading volumes for exchange-traded products (ETPs). For the first week of June, these volumes surged to $12.8 billion, marking a 55% rise over the previous week’s figures. This indicates a robust market interest in crypto ETPs, which reflected in the inflows almost all providers witnessed.
Interestingly, CoinShares pointed out that nearly every provider of crypto ETPs experienced positive inflows at the start of June. Describing this trend as atypical, the asset manager speculated that it might be a reaction to weaker macroeconomic data. Specifically, they noted that softer-than-expected economic figures from the U.S. could be driving expectations for earlier cuts in monetary policy rates.
This optimistic market sentiment, combined with favorable price movements, led to an increase in the total assets under management (AUM) for these digital products, surpassing $100 billion. This marked the first time since March 2024 that AUM levels had reached such heights. Not all providers enjoyed positive inflows; Grayscale Investments and CoinShares XBT recorded outflows during the week.
Among those with notable inflows, iShares exchange-traded funds (ETFs) in the U.S. topped the list, registering $948 million. Close behind was Fidelity ETFs, which saw inflows of $680 million. These figures underscore the growing investor confidence in digital asset products.
Bitcoin remained the dominant force in the ETP market, with inflows amounting to $1.97 billion in just one week. Ethereum-based products, Also achieved record-breaking inflows, with $69 million, marking their best week since March. CoinShares attributed this surge to the recent approval of Ether-based spot ETFs.
The approval from the U.S. Securities and Exchange Commission on May 23, which sanctioned several spot ETH ETFs, appears to have fueled investor interest in Ethereum products. This milestone likely contributed to the robust inflows for Ether-based investment vehicles.
While Bitcoin and Ethereum products led the market, altcoin-based ETPs also saw some activity. Fantom and XRP recorded inflows of $1.4 million and $1.2 million, respectively. These inflows, although modest, indicate a diverse interest in various digital assets beyond the prominent players like Bitcoin and Ethereum.
June’s positive start for digital asset investment products highlights a growing confidence and interest in the market, with significant inflows, increased trading volumes, and a rise in assets under management. The trend suggests that investors are responding to broader economic signals and regulatory developments, reflecting the evolving landscape of digital finance.
31 thoughts on “June Crypto Inflows Reach $2B, Ethereum Hits $69M in Best Week Since March”
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Big money flowing in doesn’t mean it’s a safe bet. It’s still a wild west out there. 🏜️
A strong start to June indeed! The $948M inflows for iShares ETFs and $680M for Fidelity ETFs are very promising!
Seriously? People are still dumping money into this speculation game?
With trading volumes for ETPs up 55%, its clear the demand is soaring. Such a bullish signal for the crypto space!
Bitcoin and Ethereum dominating with such massive inflows shows solid investor trust. Exciting times ahead!
A robust start to June for digital assets! The inflows reported by CoinShares are uplifting.
ETPs or not, the whole sector is too unpredictable for serious investment.
All I see is a ticking time bomb with these digital assets. Tread carefully. ⏳
Wow, such exciting news to see inflows topping $2 billion! 📈🚀 The crypto market is clearly thriving despite the macroeconomic concerns! 💪
Why do people never learn? Crypto markets are a disaster waiting to happen. 😤
Quick inflows usually equal quick outflows. Don’t get caught in the hype.
Sounds like a pump and dump scheme to me. Be careful out there.
Such a significant surge in trading volumes for ETPs! Clearly, digital assets are gaining serious traction.
Nearly all providers seeing positive inflows is impressive! Interesting how weaker economic data might be stirring this trend.
How are people getting excited by this? Crypto is way too unstable for my liking.
Thanks, but no thanks. I’d rather put my money where it’s more secure.
Another great milestone for crypto! Exceeding $100B AUM is just phenomenal!
I can’t believe investors are still trusting these so-called digital assets.
Not impressed. This just means more volatility and risk for everyone involved.
This just screams bubble to me. How long until it bursts?
Amazing to witness digital assets reaching new heights! 🌟 Ethereum ETFs approval likely played a big part in this surge. 🚀💼
Surpassing the $100 billion AUM mark is a huge deal! 🚀 Shows how far digital assets have come since March 2024. 🌠
Inflows or not, crypto is still a Ponzi scheme waiting to crash. 🚨
Incredible to see $2 billion in inflows for crypto
This is just temporary hype. Watch it crash and burn by the end of the month. 🔥
The rise in AUM to over $100 billion is a major milestone! Shows the immense confidence people have in digital assets.
Seeing altcoins like Fantom and XRP getting traction too is great! Diversifying in digital assets seems to be the trend.
I’d be more excited if it wasn’t so risky. This feels like gambling, not investing. 🎲
Congrats to the digital asset world for achieving $2 billion in inflows! Can’t wait to see what’s next. 🚀💰
CoinShares’ report is truly eye-opening! 📊 Glad to see Bitcoin and Ethereum leading the pack with hefty inflows. 🔥
It’s encouraging to see such broad-based interest in digital asset products! 🌐💪 Looks like the future of finance!