Investor confidence in crypto-related investment products increased last week, driven by the US macroeconomic situation.

CoinShares' latest weekly report noted that these products saw net inflows of $2 billion last week, matching May's total inflows.

This represents the fifth consecutive week of positive inflows, with about $4.3 billion invested during this period. It's the second-longest streak of inflows since the SEC approved spot Bitcoin exchange-traded funds (ETF) in January.

James Butterfill, CoinShares’ head of research, highlighted widespread inflows across providers like BlackRock, Fidelity, Proshares, Bitwise, and Purpose, with reduced outflows from Grayscale.

Butterfill attributed the inflows to “weaker-than-expected US macro data,” which has increased expectations for monetary policy rate cuts. He added:

“Positive price action saw total assets under management (AuM) rise above $100 billion for the first time since March this year.”

Additionally, trading activity for these investment products surged, with volume increasing by 55% to $12.8 billion last week, compared to $8 billion the previous week.

Bitcoin (BTC) continues to attract investors, with $1.9 billion in inflows. Short BTC products saw outflows for the third straight week, totaling $5.3 million.

Ethereum (ETH) had a strong week with $69 million in inflows, the highest since March, bringing its year-to-date flows to $81 million. Other altcoins had minor activities, with Fantom and XRP recording $1.4 million and $1.2 million in inflows, respectively.