June Kicks Off with a Bitcoin Boom

Crypto markets rallied on Monday ahead of a week packed with macroeconomic updates. Data from CoinShares Research shows that capital flowed into digital asset investment products for the fourth consecutive week, totaling $185 million.

Crypto markets rallied on Monday ahead of a week packed with macroeconomic updates.

Data from CoinShares Research shows that capital flowed into digital asset investment products for the fourth consecutive week, totaling $185 million.

Of the total inflows, 96% went to Bitcoin, while a small portion was allocated to short-related products. Digital asset outflows from the products amounted to $3.7 million.

The inflows into Bitcoin products reached $175 million, marking the highest since March. Meanwhile, products offering short exposure to crypto saw inflows of $7.3 million.

On the other hand, products linked to Ethereum witnessed outflows of $10.3 million, while those tracking multi-assets saw outflows of $1.3 million. Short crypto products also experienced outflows totaling $1.2 million.

Overall, the four weeks of inflows into crypto products amounted to $430 million, while the year-to-date net flows reached $2.1 billion.