Digital Asset Investment Records $2B Inflows � CryptoMode

Cryptomode_202406 Jun, 2024Business

Among the digital asset products, Bitcoin (BTC) was the top performer, attracting $148 million in inflows. In contrast, short-bitcoin products saw $3.5 million in outflows, indicating positive sentiment among ETF investors. Ethereum (ETH) continued its positive streak with a second week of inflows following the SEC?s approval of a spot-based ETF that will launch in July 2024. This is a significant recovery after a 10-week outflow streak totaling $200 million. Ethereum?s resurgence also benefited Solana (SOL), which saw $5.8 million in inflows last week. However, blockchain equities struggled, facing $7.2 million in outflows last week and $516 million year-to-date.