As June kicks off, the digital asset investment landscape sees a significant uptick, with inflows reaching a substantial $2 billion across various crypto products, marking a positive start to the month.

CoinShares' latest weekly fund flows report reveals a notable surge in crypto investment products, attributing the turnaround to softer macroeconomic indicators in the U.S. This influx brings the total inflows over the past five weeks to a robust $4.3 billion, indicating a renewed investor interest in the crypto market.

The report underscores a remarkable 55% spike in trading volumes for exchange-traded products (ETPs), reaching $12.8 billion during the first week of June. This surge in trading activity suggests a growing confidence and engagement among investors in digital assets.

Remarkably, nearly all providers of crypto ETPs experienced inflows during this period, a trend described as unusual by CoinShares. This heightened interest is believed to be a direct response to the softer macroeconomic data in the U.S., prompting expectations of monetary policy rate cuts.

In terms of asset distribution, the iShares ETF in the U.S. led the pack with a significant inflow of $948 million, closely followed by Fidelity ETFs with $680 million. While Bitcoin maintained its dominance in the ETF space with $1.97 billion inflow, Ethereum-based products notably surged, recording a remarkable $69 million inflow, marking their best performance since March.

CoinShares attributes this surge in Ethereum investment to the recent approval of spot Ether ETFs by the Securities and Exchange Commission (SEC) in the United States. This regulatory green light likely bolstered investor confidence in Ether-based products, driving increased investment activity.

Altcoin-based ETPs, although experiencing less activity compared to Bitcoin and Ethereum, still witnessed notable inflows. Fantom and XRP, in particular, saw inflows of $1.4 million and $1.2 million, respectively, showcasing continued interest in alternative digital assets.

Overall, the positive momentum in crypto investment products, coupled with Ethereum's standout performance, sets a promising tone for the crypto market in June, signaling growing investor confidence and engagement in the digital asset space.