Digital asset investment products started June with significant momentum as CoinShares reported a strong influx of $2 billion into this sector for the week. This robust beginning contributed to a cumulative five-week total of $4.3 billion flowing into digital asset products.

During the first week of June, trading volumes for exchange-traded products (ETPs) soared to $12.8 billion, marking a notable 55% increase compared to the previous week. CoinShares noted that nearly all providers of crypto ETPs experienced inflows during this period, an atypical trend possibly driven by weaker macroeconomic data and expectations of imminent monetary policy rate cuts.

CoinShares also highlighted that total assets under management (AUM) surpassed $100 billion, a milestone last achieved in March 2024. However, not all digital asset investment product providers saw inflows; Grayscale Investments and CoinShares XBT reported outflows for the week. Among those that garnered significant inflows were iShares exchange-traded funds in the U.S., which attracted $948 million, followed by Fidelity ETFs with $680 million.

In addition, Ethereum-focused products saw their highest weekly inflow since March, totaling $69 million. CoinShares attributed this surge to the recent approval of Ether-based spot ETFs by the Securities and Exchange Commission (SEC). There was also moderate activity in altcoin-based ETPs such as Fantom and XRP, which received inflows of $1.4 million and $1.2 million, respectively.