---
title: "digital asset inflows reach $185m last week, $2b in May"
url: https://diffcoin.com/digital-asset-inflows-reach-185m-last-week-2b-in-may/
description: "Digital asset investment products saw record-breaking inflows for the fourth consecutive week, despite a decline in weekly volumes"
published: 2024-06-03
updated: 2024-06-03
author: "Mila"
site: "Diffcoin"
---

# digital asset inflows reach $185m last week, $2b in May

Digital asset investment products experienced their fourth consecutive week of inflows, totaling $185 million and pushing May’s inflows to $2 billion.

According to CoinShares, the surge has driven year-to-date inflows past the $15 billion mark, a record achievement. Despite this positive trend, weekly volumes declined to $8 billion from $13 billion the previous week.

The United States led the inflows with $130 million, even as incumbent ETF issuers faced outflows of $260 million. Switzerland recorded its second-largest weekly inflow of the year at $36 million, while Canada reversed its trend with $25 million in inflows after a net outflow of $39 million in May.

![CoinShares: digital asset inflows reach $185m last week, $2b in May - 1](https://miro.medium.com/v2/resize:fit:700/1*0Id9RbQKW3rr4n8_gvu5FA.png)

Bitcoin (BTC) continued to dominate with $148 million in inflows, while short-bitcoin products saw outflows of $3.5 million, indicating sustained positive sentiment among ETF investors. Ethereum (ETH) also saw its second week of inflows following the SEC’s approval of a spot-based ETF, set to launch in July 2024. It marks an influential turnaround after a 10-week outflow streak totaling $200 million. Ethereum’s positive momentum also benefited Solana (SOL), which attracted $5.8 million in inflows last week.

Conversely, blockchain equities struggled, experiencing $7.2 million in outflows last week and $516 million year-to-date. Despite the mixed performance, the overall trend in digital asset investments remains robust.

![CoinShares: digital asset inflows reach $185m last week, $2b in May - 2](https://miro.medium.com/v2/resize:fit:700/1*kiJokMyTeEpTW_DonWE32A.png)

[Source link](https://crypto.news/coinshares-digital-asset-inflows-reach-185m-last-week-2b-in-may/)