According to the latest report from CoinShares, investment in global crypto products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares resulted in total net inflows of $185 million last week.
This was the fourth consecutive week of positive inflows, bringing May's total to $2 billion and year-to-date net inflows to more than $15 billion.
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However, trading volume was down compared to the previous week, with $8 billion generated versus $13 billion.
US-based cryptocurrency-based investment products dominated flows, with net inflows of $130 million.
Notably, Bitcoin-based funds recorded the largest net inflows, with $148 million.