The digital asset investment market has experienced a remarkable shift in investor sentiment, with a substantial $2 billion inflow in the first week of June. This notable surge has contributed to a cumulative five-week total of $4.3 billion, signaling a renewed interest in digital assets. The upswing is largely attributed to the anticipation of potential rate cuts by the Federal Reserve, following the release of weaker-than-expected macroeconomic data in the United States.

The significant inflows have been accompanied by a substantial increase in trading volumes, with Exchange-Traded Products (ETPs) reaching $12.8 billion, a 55% rise from the previous week. Bitcoin has emerged as the dominant force, garnering $1.97 billion in inflows, while Ethereum has also seen a notable increase of $69 million, its highest since March. The upsurge in Ethereum investment products is largely attributed to the Securities and Exchange Commission's decision to approve spot-based ETFs.

The United States has been at the forefront of the inflows, accounting for $1.98 billion, with the first day of the week marking the third-largest daily inflow on record. The iShares Bitcoin ETF has outperformed Grayscale, with $21 billion in Assets under Management (AuM). Altcoins have also experienced modest activity, with Fantom and XRP leading the way, garnering $1.4 million and $1.2 million in inflows, respectively.

The notable turnaround in investor sentiment is a direct response to the weaker macroeconomic data in the United States, which has led to expectations of monetary policy rate cut. This shift in sentiment has resulted in a significant increase in total assets under management (AUM), surpassing the $100 billion mark for the first time since March.

The recent surge in digital asset investment products is a clear indication of the growing mainstream acceptance of cryptocurrencies. As the market continues to evolve, it is likely that we will see increased adoption and institutional investment in digital assets. The approval of spot-based ETFs is a significant step forward, providing investors with a more secure and stable means of investment. As the market continues to grow, it is essential for investors to remain informed and up-to-date on market trends and developments.