Cardano

Solana

April

Chainlink

James

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>CoinShares’ James Butterfill reveals that digital asset investment products saw inflows of $932 million.</li> 
 <li>The inflows mirrored an immediate response to the CPI data.</li> 
</ul> 
CoinShares’ head of research, <a href="https://x.com/jbutterfill" rel="nofollow" target="_blank">James Butterfill</a>, revealed in a blog post that digital asset investment products saw inflows for the second week, of $932 million. 
<a href="https://blog.coinshares.com/volume-183-digital-asset-fund-flows-weekly-report-21f5ffa273a5" rel="nofollow noopener" target="_blank"><img decoding="async" class="alignnone" src="https://miro.medium.com/v2/resize:fit:875/1*G2bcNlnHYwHIa4Yl1SoW7g.png" alt="1*G2bcNlnHYwHIa4Yl1SoW7g" width="875" height="880" title="Digital Asset Investment Products Saw $932M Inflows Last Week 6"></a> 
However, despite the pickup in inflows that the crypto products saw, volumes were only $10.5 billion for the week, compared to $40 billion in March. 
CoinShares notes that the inflows were an immediate response to the less hot <a href="https://crypto.ro/en/news/bitcoin-above-63k-following-todays-cpi-report/">CPI report</a> that was released last week, on May 15. The data showed an eased inflation for April of 3.4% which was in line with the expectations of economists. 
The notes also reveal that the latter three trading days of the past week made up 89% of the total flows, highlighting the firm’s view on the fact that Bitcoin’s prices have decoupled to interest rate expectations. 
<h2 id="crypto-investment-products-inflows-detailed">Crypto investment products inflows detailed</h2> 
CoinShares notes that regionally, the US dominated and saw $1 billion in inflows during the past week. 
Grayscale which recorded $16.6 billion of outflows since the January launch of Bitcoin ETFs, saw minor inflows for the first time of $18 million. 
Switzerland and Germany saw inflows of $27 million and $4.2 million respectively. Hong Kong and Canada saw outflows of $83 million and $17 million respectively. 
Bitcoin saw $942 million of inflows with virtually no flows into short Bitcoin. This means that there is a positive outlook from investors. 
<a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-20-05-24" rel="nofollow noopener" target="_blank">CoinShares</a> also detailed that there was a wide range of altcoins that recorded inflows, and the most significant ones are Solana ($4.9 million), Chainlink ($3.7 million), and Cardano ($1.9 million). 
<a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-20-05-24" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://a.storyblok.com/f/155294/2400x2080/829cf11ee6/coinshares_fundflows_table_rankedflows_20052024.png/m/" alt="m" width="2400" height="2080" title="Digital Asset Investment Products Saw $932M Inflows Last Week 7"></a> 
Ethereum is still surrounded by bearish sentiments, especially due to the very <a href="https://crypto.ro/en/news/secs-approval-of-ethereum-etfs-has-a-7-chance/">small chance</a> that the SEC could decide to approve the Ethereum ETFs during this week. 
The ETH products saw outflows of $23 million. 
The blog post concludes by revealing that blockchain equities continue to suffer outflows, and only 6 weeks of the 20 weeks this year saw inflows. Year to date, they recorded $512 million in outflows so far. 
<a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-20-05-24" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://a.storyblok.com/f/155294/2400x2560/f428d7038e/coinshares_fundflows_table_equities_20052024.png/m/" alt="m" width="2400" height="2560" title="Digital Asset Investment Products Saw $932M Inflows Last Week 8"></a> 
This week, the crypto industry awaits the SEC’s decision regarding a potential approval for Ethereum ETFs for VanEck’s and ARK’s filings, by May 23 and May 24, respectively.

Digital Asset Investment Products Saw $932M Inflows Last Week

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