Bitcoin-Based Products Breach Half Billion Year-to-Date Inflows

Bitcoin-Based Products Breach Half Billion Year-to-Date Inflows

In the week ended June 3, more than $100 million flowed into digital asset investment products, the second week in a row.

The inflow brought total assets under management (AuM) to $39.8 billion, according to the latest CoinShares report. Most of the inflows came from the Americas, totaling $88 million, while inflows from Europe were only $11 million.

This difference is also reflected in the year-to-date inflows for each country, with the Americas now at $570 million compared to just $41 million in Europe.

According to the report, this suggests that European investors have generally been more pessimistic this year.


Bitcoin products lead inflows

Bitcoin-based investment products saw inflows in the past week totaling $126 million. That puts year-to-date inflows just above the $500 million mark that was breached last week at $506 million.

There were also inflows into short bitcoin products, totaling $1.3 million. Despite its relatively small size, the report highlights that year-to-date inflows represent 30% of total AUM at $55 million, second only to Solana inflows.

Meanwhile, Ethereum-based products continued to see continuous outflows, hitting $32 million last week. That made it a ninth straight week of outflows, which the report said imply “persistent negative investor sentiment.” Although this represents less than 7% of total AUM since outflows began in December. However, year-to-date outflows have now reached $357 million.

Notably, the flow of other altcoins remained stagnant last week, suggesting investors flock to Bitcoin for its relative safety, the report said.

However, investors were also attracted to multi-asset investment products, with inflows totaling $4.3 million last week.

The report highlights how these products have maintained consistent inflows throughout the period of negative price action, with year-to-date inflows now exceeding $201 million.


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