Cryptocurrency investment products from May 25 to May 31 saw a net inflow of $185 mln, compared to nearly $2 bln in May. What do such volumes mean if the whole month is used as the basis of comparison? Is there a chance that the figure will be as good in June?
This data from CoinShares points to increased investor interest in the cryptocurrency market last month. However, when assessing the outlook for June, it should be noted that the cryptocurrency market environment looks quite volatile and can shift quickly. The $185 mln inflow in the last week of May is significantly lower than the figure seen in the previous week ($1 bln+). This could mean a downturn in investor activity. On the other hand, data for one month is too short a period for reliable forecasting. Trends can turn either positive or negative.
Overall, given the expected launch of ETH-ETFs in July and other positive industry news, there is a chance that inflows into crypto funds will remain high in June. But it would be premature to draw any definitive conclusions based on the available data. May figures look encouraging for the industry, but the crypto market is very dynamic, and future inflows/outflows reflect multiple factors.
