Digital asset investment products observed a remarkable surge in inflows for the fourth week in a row, amounting to $185 million and contributing to May's cumulative inflows of $2 billion. As per data provided by CoinShares, the total inflows for the current year have exceeded $15 billion, achieving a new milestone. Despite this positive trajectory, the weekly volumes saw a slight dip to $8 billion from the previous week's $13 billion.

The United States emerged as the primary contributor to the inflows with $130 million, although ETF issuers in the country faced outflows of $260 million. Switzerland saw its second-highest weekly inflow of the year at $36 million, while Canada reversed its trend with $25 million in inflows following a net outflow of $39 million in May.

Bitcoin retained its supremacy by attracting $148 million in inflows, while products that bet against Bitcoin witnessed outflows of $3.5 million, indicating enduring positive sentiment among ETF investors. Ethereum saw its second consecutive week of inflows following the approval by the SEC for a spot-based ETF scheduled for launch in July 2024. This turnaround comes after a 10-week outflow streak amounting to $200 million. The positive momentum of Ethereum also had a ripple effect on Solana, which acquired $5.8 million in inflows last week.

Conversely, blockchain equities faced challenges, with outflows amounting to $7.2 million last week and a total of $516 million year-to-date. Nonetheless, despite the mixed performance, the overall trend in digital asset investments remains resilient and promising.