Crypto Funds Witness Sixth Consecutive Week of Positive Inflows

According to recent data, global crypto funds have seen a surge in net inflows, totaling $857.9 million for the week ending May 9. This marks the sixth consecutive positive result for digital asset investment products, with Bitcoin funds being the main driver of this growth.

The largest contributor to these inflows was Bitcoin, which attracted $706.1 million in investments. In contrast, short Bitcoin products saw a significant outflow of $14.4 million, making it the largest loss of the year so far.

US spot Bitcoin ETFs have been performing exceptionally well since the beginning of May, with over $1.25 billion attracted to these funds. Ethereum and altcoin ETFs also experienced notable inflows, with Ethereum breaking its outflow streak and attracting $171.66 million from May 1 to May 8.

Morgan Stanley's spot Bitcoin ETF has had a strong start, not recording any outflows in its first month of trading. This is the best result among competitors for a comparable post-launch period, with the fund's fee being just 0.14%, the lowest in the US market.