Over $100 million flowed into digital asset investment products during the week ending June 3, making it a second consecutive week of inflows.
The inflows bring total assets under management (AuM) to $39.8 billion, according to the latest CoinShares report. The majority of the inflows came from the Americas, totaling $88 million, while inflows from Europe amounted to just $11 million.
The disparity is also represented in year-to-date inflows for each, which now stand at $570 million for the Americas, but just $41 million for Europe.
According to the report, this suggests greater bearishness for European investors, on the whole, this year.
Bitcoin products lead inflows
Bitcoin-based investment products carried inflows over the past week, totaling $126 million. This brings year-to-date inflows just past the half-billion mark, which it breached last week, to $506 million.
Short bitcoin products saw inflows as well, totaling $1.3 million. Despite being relatively small, the report highlighted that year-to-date inflows now represent 30% of total AuM at $55 million, second only to Solana inflows.
Meanwhile, Ethereum-based products continued their streak of outflows, this past week amounting to $32 million. This makes it nine consecutive weeks of outflows, which the report said implies “enduring negative investor sentiment.” Although this only represents just under 7% of total AuM since the outflows started last December. However, year-to-date outflows have now reached $357 million.
Notably, flows for other altcoins remained stagnant last week, signifying that investors flocked to the relative safety of bitcoin, according to the report.
However, investors have also been drawn to multi-asset investment products, which experienced inflows totaling $4.3 million last week.
The report underlined how these products have maintained consistent inflows throughout this period of negative price action, with year-to-date inflows now surpassing $201 million.
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