CoinShares: Digital Asset Investment Products Saw Net Inflows of $932 Million Last Week

PANews reported on May 20 that according to the latest weekly data from CoinShares, digital asset investment products saw inflows for the second consecutive week, totaling $932 million. This inflow was mainly influenced by the CPI report, with the last three trading days accounting for 89% of the total flow. The U.S. market dominated this inflow, totaling $1.002 billion. Grayscale, which had experienced outflows of $16.6 billion since the launch of its ETF in January, also saw a small inflow for the first time, totaling $18 million. Bitcoin saw an inflow of $942 million, indicating investor optimism about its prospects. Various altcoins also experienced inflows, with Solana, Chainlink, and Cardano receiving $4.9 million, $3.7 million, and $1.9 million respectively. In contrast, Ethereum continued to see outflows of $23 million this week due to poor prospects for SEC approval of a spot ETF. Additionally, blockchain stocks continued to experience outflows, with only six weeks of inflows this year, and a total outflow of $512 million year-to-date.