The latest weekly report from CoinShares reveals that digital asset investment products have experienced a remarkable streak of inflows, with a total of $185 million pouring in over the past four weeks. This surge in investment is a significant departure from the previous trend, which saw outflows for several weeks.

The inflow in May was particularly notable, reaching a staggering $2 billion. This brings the total inflow since the beginning of the year to over $15 billion, a testament to the growing confidence in the digital asset market. Bitcoin was the primary driver of this inflow, with $148 million flowing into Bitcoin investment products. Conversely, short Bitcoin products saw an outflow of $3.5 million for the week.

Ethereum, which had previously seen outflows for ten consecutive weeks, totaling $200 million, has now seen inflows for the second consecutive week. This shift in sentiment is likely attributed to the U.S. Securities and Exchange Commission's (SEC) approval of a spot-based ETF, which is expected to launch in July 2024. This development has sparked renewed interest in Ethereum, with investors seeking to capitalize on its potential growth.

Despite the excellent performance of direct digital asset investments, blockchain stocks saw an outflow of $7.2 million last week, bringing the total outflow for the year to $516 million. This decline in blockchain stocks is a reminder that the market is not without its challenges, and investors must remain cautious and informed to make informed decisions.

In conclusion, the latest report from CoinShares highlights the resilience and adaptability of the digital asset market. The four consecutive weeks of inflows are a testament to the growing confidence in the market, and the approval of the spot-based ETF is likely to continue driving growth in the coming months. As the market continues to evolve, investors must remain vigilant and informed to capitalize on the opportunities that arise.