PANews reported on May 28 that according to the latest weekly data from CoinShares, digital asset investment products had a net inflow of $1.05 billion last week, the third consecutive week of inflows, and the cumulative inflow hit a record high of $14.9 billion so far this year. Recent price increases have also pushed the total amount of digital asset ETPs to $98.5 billion. Weekly ETP trading volume also increased by 28% to $13.6 billion. From a regional perspective, capital flows are mainly concentrated in the United States, with inflows of $1.03 billion, while Grayscale's current capital outflows have dropped significantly, with only $15 million outflows this week. Germany and Switzerland had inflows of $48 million and $30 million, respectively. Disappointingly, since the first launch of the Bitcoin spot ETF in Hong Kong (with inflows of $300 million in the first week), another $29 million outflows last week.
The majority of inflows went into Bitcoin ETPs, with $1.01 billion inflows last week, while short Bitcoin experienced another week of outflows totaling $4.3 million, suggesting that sentiment is generally turning positive despite the recent price rally. This is likely due to investors interpreting the FOMC minutes and recent macro data as mildly dovish.
Ethereum saw $36 million in inflows this week, the highest level since March, which may be an early reaction to the approval of an ETH ETF in the U.S. Solana also saw $8 million in inflows last week.
