CoinShares believe the turnaround is due to "weaker than expected macro data in the U.S."
Digital asset investment products started positively in June with almost all providers seeing inflows and recording an overall inflow of $2 billion.
On June 10, CoinShares published its weekly fund flows report, highlighting that crypto investment products gathered over $2 billion in inflows. According to CoinShares, June’s initial inflows brought digital asset products’ five-week total to $4.3 billion.
In addition, the asset manager reported that trading volumes for exchange-traded products (ETPs) catapulted to $12.8 billion for the first week of June, a 55% increase compared to the previous week.
